General Discussion

SpaceX is an over-inflated mess with the money pit xAI at it's center. If it makes it's target, it inflates the AI bubble (because this isn't about Starlink or Rockets, it is about paying off xAI investors and creditors).

I fully expect market hype to prevail over reality, as it seems to over and over and over. But I hope like hell it is a bust, with the price rapidly plummeting.

He's trying to raise capital, not to grow the business, but to pay off creditors and investors. In other words, this IPO is a raising money to pay off money already spent to get the to losing place that company is at right now.