Is that going to be 20% of stock held by each employee can be sold, or 20% of employees can sell their stock?
If it's the latter then yes, I can see them cashing out and leaving.
wewbull
joined 3 years ago
Yep. AI has drained the venture capital well dry. So...
- You merge xAI with SpaceX to make one profit making company and a loss making company in to a mixed financial bag.
- Hype "Data-centres in Space" for a good six months to make it seem like it all makes sense.
- Sell all your compute to Anthropic / Google (with 90-day termination clauses) to get some revenue on the books.
- Lobby that you're such a good deal S&P and NASDAQ should change their rules to admit entry to their "required to buy" stocks. NASDAQ bites, but S&P refused.
- IPO: $80B raised from IPO partners (banks) at $135 per share. Job done. No control lost because the share of the company was so low.
- IPO subscribers (banks) sell to markets at upto $225. Lots of happy bankers. Retail markets (e.g. investment funds) now holds the shares, but it's all good, right? Nasdaq have it listed so there's an enforced buy in two weeks.
- Stock slides. Enforced buy comes at ~$145 per share and it feels a bit more firm for a day or two.
- Stock resumes it's slide to below it's IPO price.
- Stock now sits at $124
Net result:
- Space X : +$80B
- IPO subscribers: +$40B...ish
- Public Shareholders: +5% of SpaceX (Currently $69B) & -$120B
It's high was $225.64
I'm looking for an open source ReMarkable alternative. A4 sized preferably. Any options out there?
It certainly appears to be escaping them.
I don't think you even have to argue it. If you move the top 7 from the us economy, the US has been in recession for about a year I think.
Tokenmaxxing. They lo~~o~~se more money, especially on the subsidized plans.
The data centres are far from up. Many of them look to have a few steel beams in place and that's it. Others are sitting empty due to lack of hardware or lack of power.
Execs Confused and Horrified by the Huge AI Bills After Thinking They Could Replace Workers for Free
I'm not sure fixing it will be possible.
It's not about criminality. It's comparative morality.
Nuclear plants have a limited life time. You have to replace what ages out, and they haven't been. Probably because they decided that the cost didn't make sense anymore in the face of renewables.
SpaceX employees are probably not happy about being used as a dumping ground for an AI black hole company. I expect many are counting the days until they can leave.