Technology

But, but... Money laundering err I mean mars!

All they have to do is to start putting ads on space and none of us will be able to do anything about it because we are a bunch of peasants.

Excellent. I hope they'll find all the funding they need and then some.

Why do people like this guy? Tell him to fuck off already.

Unless people develop a strange love for this: https://en.wikipedia.org/wiki/SpaceX_Starshield

satellites designed to provide new military space capabilities to U.S. and allied governments

The primary project SpaceX is reportedly vying for are contracts for the Golden Dome space weapons system.

That's the ticket to win nuclear war and it will be priced accordingly.

why people invest in this? they will just lose their money

Now that even main Indices (which were supposed to be much safer to invest in - via things like ETFs - than individual stock picking) are being shamelessly rigged to feed Retail and Fund money to the IPO pires, you should literally not be invested in any US Stock Market by the time this and other AI IPOs happen.

Literally even having money under your matress (even with the current inflation) is safer than being in any way form or shape invested in the Nasdaq 100 and if this shit is the straw that breaks the camel's back, matress savings storage is safer that being invested anywhere in a US stock market.

I was in none other than Lehman Brothers in the 2008 Crash and saw that shit from the front row and all of this crap (the ever more articles about how AI is not delivering returns for companies using it, the steep increases in AI usage fees - which stink of desperate attempts at monetising it, which in turn mean that either the companies selling AI services have run out of runway or believe AI cannot improve further hence their investment must start producing returns NOW - these 3 AI IPOs pretty much at the same time all with insane valuations and the shameless rigging of Indices) are making alarm bells ring in my head like crazy.

Think of it as alarmism if you want.

I can tell you one thing for sure from my own experience in 2008 Crash: there were but a few obscure signs that shit was about to hit the fan back then (for example, there was an article in The Economist about how the Credit Derivative positions of both Bear Stearns and Lehman Brothers were 2x higher than the 3rd largest and the rest of the Industry, plus some wispers of Goldman Sachs reducing their exposure to Credit Derivatives) and between that and the first big crack - Bear Stearns collapsing and being sold the JPMorgan for peanuts - it was but a few weeks and between that and Lehman Brothers going bankrupt and the markets going into an uncrontrolled crash, it was about a week, so expect the same kind of time scale in the transition from "this all looks kinda suspicious" to the first "oh shit" (maybe OpenAI's IPO?!) to an out of control fall of the markets that no matter what they try Central Banks are unable to stop until it hits a stable new and much lower level, and meanwhile all that shit will be throwing shrapnel into the rest of the Economy, not just via retraction in Financial Markets such as the Money Markets but via the complete collapse of everything proped up by the current data center projects (most of which not even yet started yet already propping up things like land acquisition and long term equipment purchasing contracts).

Judging by how P/Es in the Nasdaq 100 are now literally TWICE as much as in 2022, in the least bad scenario the Nasdaq market will collapse to half its value right now as P/E levels go back to 2022 (which was much closer to historic average), though judging by my experience in 2008 Crash plus there being other massive asset price bubbles in other markets (such as realestate), IMHO as the the bursting of the bubbles feed each other and impact the broader Economy which in turn impacts back all kinds of markets - via retractions in Consumption and Investment as well as spiking Loan Default rates in turn feeding into retractions in credit from traditional Banks and Money Markets - this shit will go much further than a mere 50% fall in the Nasdaq).