
#AI will soon burst its bubble, and data centres will be bought up by farmers to keep their cows and tractors in.

"SpaceX is doing a crypto-style fraud, but on the real stock market. The S-1 filing is the white paper. The IPO, lined up for mid-June, is the rug pull.
Space Exploration Technologies — SpaceX to you — is Elon Musk’s rocket company. SpaceX has satellite internet that turns a profit, defense contracting with a solid line of government revenue, a lot of bad rockets that blow up, and a money-burning AI company that has a money-burning social network that’s all but unusable.
None of that matters — because the selling point is Elon magic. The 277 pages of the S-1 are entirely decorative. You know they’re selling Elon magic. If you’re in the market for Elon magic, you’ve come to the right place. [SEC]
Reading the S-1 is like opening a box of unearthly eldritch abominations, all of which are very stupid and trying to pick your pocket.
The S-1 is bullshit. Everyone knows it’s bullshit. SpaceX knows it’s bullshit. The Elon fanboys definitely know it’s bullshit — but they’re buying in anyway.
Why is Spacex doing an IPO now? There’s a few reasons. The market is hot! The S&P keeps hitting all-time highs. Musk wants to get an IPO out before OpenAI and Anthropic. And venture capital for money-burners is drying up.
The big problem for you is that SpaceX is running a stock index scam. This is how SpaceX will pull the rug on your retirement. This IPO is a reprehensible fraud."
https://pivot-to-ai.com/2026/05/28/the-spacex-ipo-works-like-a-crypto-fraud-but-with-ai/
#EdZitron again.
Venture capital is now dominated by people that don’t build anything but worship at the altar of what they imagine a “builder” looks like. As a result, these people flock to founders that confirm their biases — those who are usually men, usually white, usually software engineers from big schools, usually building things that look and sound like everybody else.
#rotEconomy #AIBubble #ventureCapital
Premium: The Silicon Valley Bubble (Part 1) https://www.wheresyoured.at/premium-the-silicon-valley-bubble-part-1/

Friends, I believe we’re approaching the end of this era. Both OpenAI and Anthropic have filed the paperwork to go public, starting a race for exit liquidity for two companies that burn billions of dollars a year and have no path to profitability. Both of these companies are dogs.
The Mars Illusion: Why SpaceX’s IPO will be a death trap for ordinary investors and the burst of the artificial intelligence bubble.
Let's put aside the euphoric praise that poured out of the financial press yesterday. SpaceX's long-awaited IPO has finally arrived, and, as expected, ordinary investors are happily lining up to make a fortune by investing in speculative tech companies. It's a bizarre case of self-harm that deserves to be discussed in a psychiatric journal, not a market report.If you recently bought SpaceX shares at a high price and consider yourself a visionary leader of the interplanetary economy, I'll […]
Let’s put aside the euphoric praise that poured out of the financial press yesterday. SpaceX’s long-awaited IPO has finally arrived, and, as expected, ordinary investors are happily lin…
Oh it just gets better for them.....lol
Such high morale, oh they're certainly going to the Moon with AI, yep! /s
#Meta #AIHustle #AIBubble #Meta #TechBros #SiliconValley #Economy #AI

According to a Friday report from WIRED, Meta employees are growing increasingly frustrated with the company's AI reorganization efforts, with one worker hijacking a livestreamed internal presentation this week to call a top executive a "piece of sh*t."
RE: https://defcon.social/@ai/116739821172640903
What are the bets on Meta being the first one to fall?
#AIHustle #AIBubble #Meta #TechBros #SiliconValley #Economy #AI