And just like that—surprise!—one AI company bails out another AI company's grift. Google agreeing to rent compute from xAI (cough, "SpaceX") magically makes them eligible for inclusion in the S&P500.

Americans, they are looting your life savings, the ones you earned through labour that they are gleefully replacing. Your descendants will never have the chance you had.

https://techcrunch.com/2026/06/05/google-will-pay-spacex-920m-per-month-for-compute/

Google will pay SpaceX $920M per month for compute | TechCrunch

In a statement, a Google representative described the deal as a result of unexpected demand for its recently launched AI products.

TechCrunch

@raganwald

Now's a good time to read _The Great Crash 1929_, by John Kenneth Galbraith.

It's fun!