this post was submitted on 01 Jul 2026
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And yet the IPO of SpaceX was justified with the presumed future success of its space-based data center program.
Wait is that really a thing
Yes. He unironically promised to build data centers in space. So basically, his company's stock went up, because he falsely advertised something that is practically impossible to achieve at this time.
Well that's investors fault for believing him isn't it. The biggest thing ever put up in space is the international space station we don't even have the capability to do that anymore. How did they think he was going to build a data centre in orbit? Which of course is completely ignoring all the other technical reasons wouldn't work.
It's like Tesla: Everyone knows it's a scam. Whenever there's a panic or a dip then Musk's army of sock puppets and wash traders will coordinate to purchase more stock and drive the value back up. That's how TSLA has remained so ridiculously over valued for decades.
It's an exponential money printer that's going to break the entire world eventually.