this post was submitted on 02 Feb 2026
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TechTakes

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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

This is not debate club. Unless it’s amusing debate.

For actually-good tech, you want our NotAwfulTech community

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Or maybe Tesla

https://www.youtube.com/watch?v=VMKyocHwUJI&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260202-musk-wants-to-merge-spacex-with-xai-then-go-public - podcast

time: 5 min 18 sec

UPDATE: the merge has gone through, apparently for "$250 billion" of imaginary value of private company equity

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[–] Formfiller@lemmy.world 13 points 1 day ago

Space x needs to be confiscated and rolled into nasa and or space force. I’m sick of pretending that these investors are anything other than parasites

[–] BioMan@awful.systems 5 points 1 day ago

So.

How much of this is folding all the meme stocks into the one thing that actually produces a product that people all over the world demonstrably want to pay for over the competition to keep their stupid plates spinning?

And how much is religious psychosis, advancing along the singulatarian eschatology from AI to dyson sphere to rebuilding the universe in His Image?

I can't tell.

[–] originalucifer@moist.catsweat.com 48 points 2 days ago (2 children)

he loves to do this... roll the failures into the successes and pretend it was all awesome all the time.

what a fuckwad

[–] Meron35@lemmy.world 11 points 1 day ago

If bankers could roll the dodgy home loans into the successful ones and pretend it was awesome all the time before 2008 why can't Elon?

[–] Canconda@lemmy.ca 17 points 2 days ago

IPOs are the only time he feels like he has friends.

[–] Seaguy05@lemmy.world 28 points 2 days ago (27 children)

SpaceX can't go bankrupt... You won't let us go bankrupt... It would be a shame if all those satellites lost their ability to be maintained. This is how he becomes too big to fail.

[–] cstross@wandering.shop 9 points 1 day ago

@Seaguy05 @techtakes Bear in mind SpaceX's near monopoly is transient: Jeff Bezos's Blue Origin is now flying and re-using New Glenn and ramping up launch cadence aggressively. Give it 5 years and unless Starship works 100% to plan, SpaceX will be eroding like Tesla today. (And this ignores the multiple Chinese reusable launcher startups with government backing.)

[–] o7___o7@awful.systems 13 points 1 day ago (2 children)

When Woke 2 comes, we'll nationalize SpaceX.

[–] nightsky@awful.systems 3 points 1 day ago

When Woke 2 comes

ooh, please tell me there's a release date already

[–] froztbyte@awful.systems 6 points 1 day ago

We can turn it into a horror-themed exhibit park. And sell vip tickets for using some of the more particular roams as rage rooms, just smash all that nonsense up

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[–] scruiser@awful.systems 19 points 1 day ago (4 children)

Has anyone done the math on if Elon can keep these plates spinning until he dies of old age or if it will implode sooner than that? I wouldn't think he can keep this up another decade, but I wouldn't have predicted Tesla limping along as long as it has even as Elon squeezes more money out of it, so idk. It would be really satisfying to watch Elon's empire implode, but probably he holds onto millions even if he loses billions because consequences aren't for the ultra rich in America.

[–] Kazumara@discuss.tchncs.de 2 points 1 day ago (1 children)

until he dies of old age

Why so pessimistic, maybe we'll get lucky instead. The Ketamine could get to him.

[–] scruiser@awful.systems 4 points 22 hours ago

I would dare to hope, but seeing how long Trump has been able to chug along despite his diet (and presumably drug habit, like that one debate where he was constantly sniffing) I wouldn't count on it.

[–] V0ldek@awful.systems 10 points 1 day ago

The market can remain irrational longer than a chud's heart can remain functional

[–] corbin@awful.systems 10 points 1 day ago (1 children)

I wonder whether his holdings could be nationalized as a matter of national security.

[–] scruiser@awful.systems 2 points 22 hours ago

The democrat party is far too feckless to actually pull that off, but that would be a nice ironic twist to his attempts to leverage government contracts and being too big to fail.

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[–] ramenshaman@lemmy.world 12 points 1 day ago (2 children)

SpaceX is actually really fucking successful, why would be destroy it by tainting it with shitty AI? Oh right, because he's a moron who does way too much ketamine.

[–] mech@feddit.org 12 points 1 day ago (1 children)

SpaceX has the US government by the balls, and several others, due to Starlink.
Musk wants to leverage that by intertwining SpaceX with his other shitty businesses, to protect them as well.

[–] cstross@wandering.shop 11 points 1 day ago

@mech @techtakes Having SpaceX take over X is going to backfire explosively real soon now: France isn't the only government investigating X for election meddling and peddling child pornography, and it could take down SpaceX's ability to do business in countries that would otherwise be buying launch capacity:

https://www.bbc.co.uk/news/articles/ce3ex92557jo

[–] floppybiscuits@lemmy.world 7 points 1 day ago* (last edited 1 day ago) (8 children)

I'm assuming you mean operationally but not financially? They wouldn't have to raise capital so much if it were financially so...

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[–] frustrated_phagocytosis@fedia.io 11 points 1 day ago (1 children)

Is this the AI that makes child porn on demand? Wouldn't shifting liability for that in to your space toy company be bad?

[–] eRac@lemmings.world 14 points 1 day ago

It also owns Twitter because Musk spent $33 billion in AI investment cash to buy Twitter from himself to pay off his debt.

Now he is using space investment money to pay off the AI investors.

[–] wizardbeard@lemmy.dbzer0.com 9 points 2 days ago

Awesome, turn it all into one giant morass of shit. Maybe it'll all go bankrupt faster.

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