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https://freedium-mirror.cfd/https://wlockett.medium.com/the-spacex-xai-merger-is-a-giant-red-flag-dfaf765c0b8e>
“As part of an all-stock merger, SpaceX and xAI have combined into a single
giant "vertically integrated innovation engine" — whatever that means. You
might think these companies have very little in common, but the justification
behind their merger is that SpaceX will build and launch orbital data centres
that xAI models will use. Indeed, SpaceX recently applied to launch a million
data centre satellites! But this narrative simply doesn't align with reality.
In fact, many consider this a bailout of xAI, given that the company's losses
are mounting and this merger allows xAI to piggyback on SpaceX's upcoming,
highly anticipated IPO. It isn't like such a move is unprecedented; after all,
xAI effectively bailed out X/Twitter in March of last year in a Musk-led
merger. But, here is the interesting part: this merger might not be a bailout
of xAI but a bailout of SpaceX instead. Furthermore, recent revelations suggest
Musk will use this merger to take a worryingly gargantuan leap towards
anarcho-capitalism. So, let's break this down.”
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
