Comment by bigyabai

That's not what I said at all. If AWS or Azure went all-in on a risky, overvalued technology, they would get extreme scrutiny from both the public and federal contractors. SpaceX is doing exactly that, and diluting their valuation in the process. You'll note that neither AWS nor Azure have made similarly risky "balls on the table" ventures.

You can argue that the dilution is good for taxpayers in the long-run (fat chance lol), or that SpaceX can survive the immediate aftermath (duh). But you cannot argue that XAI is a deserving company, because it never won a contract against it's competition. The demand is invented, simple as that.

Mind you, XAI couldn't even fund itself before the seed rounds. Both political admins will be looking at their SpaceX contracts with a renewed scrutiny, which Elon had better hope doesn't develop into a campaign for nationalizing SpaceX IP.

...who am I kidding, he was begging to become eminent domain the moment he put POTUS in his crosshairs. Au revoir, rocket man.