This is a great explainer video on the #SpaceX #IPO and the bogus #AI economy. Get ready for some tragically funny and brutal facts.
RE: https://journa.host/@samlitzinger/116744722938685609
As they increasingly say (too often), "Only in America,".🤦♂️
On the topic of that froth-driven #IPO, has anyone valued what a #classaction lawsuit against SpaceX et al vav the detrimental effects of their cumulative #spacedebris would amount to?🧐
"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/
Don’t be surprised if SpaceX’s shares fizzle following the initial Wall Street hype
What do you do when your brokerage firm notifies you that you can get in on the deal of the century, the initial public offering of Elon Musk’s SpaceX?
#EduardoPorter in #TheGuardian :
"After #SpaceX’s huge #IPO, Americans’ financial future will be bound to #AI"
Explaining how financial regulation of #pension plans mean that it is likely that those will be even more massively dependent on the prosperity of AI-bubble related industries, with tech companies already a third of valuation.
Too colossal to be [allowed to] "fail".
https://www.theguardian.com/business/2026/jun/12/ai-ipos-stock-market
#Cloud und die #IT-Sicherheit. 🤗
Durch die aktuellen #IPO Ideen gerät #Cloud ganz unverdient in den Hintergrund: 🙄
"Bei Servicenow konnten Angreifer ohne Authentifizierung über ein API Kundendaten ausleiten. Mindestens ein Cyberakteur hat das ausgenutzt."
Was war passiert:
"Den Angaben zufolge konnten nicht authentifizierte Benutzer über die Sicherheitslücke "unter bestimmten Umständen einen weitergehenden Zugriff auf Servicenow-Instanzen erlangen, als vorgesehen"."
Wen betrifft es?
"Laut Betreiber sind hauptsächlich Kunden betroffen, die die Australia genannte Plattformversion nutzen. Aber auch frühere Releases können wohl betroffen sein, sofern dort bestimmte Konfigurationsänderungen vorgenommen wurden."
Auch wenn es ein "altes" Lied ist, Cloud ist ein Computer anderer Leute. Die Daten stehen nach einem Vorfall auch noch Kriminellen zur Verfügung.
Elon Musks Reichtum ist pervers: Was man alles mit einer Billion machen kann!
OpenAI at $852B and Anthropic at $965B are now the frontier-AI IPO test. Both have confidential S-1s filed. Public markets will ask about margins after compute, not model-demo applause.
Astroconomics research commentary. Not investment advice.
You can ignore AI giants like SpaceX, but your 401(k) won't
XOM.US. source: Yahoo Finance
https://finance.yahoo.com/markets/stocks/articles/ignore-ai-giants-spacex-401-120140928.html
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