Comment by thecupisblue

That is why all the crazy promises and moves, hyping X.ai, Robotaxis, Optimus, Data centers in space. If you are constantly promising the future and some radical moves, the optimistic investors believe him and he can keep increasing the "potential future valuation".

But when you look at it:

- X.ai is basically getting into the race by throwing money at the problem and using your name to get funding in a hyped industry.

- Do a buyout of your own company with it, get access to data that you restricted to everyone else.

- Merge it with SpaceX for "datacenters in space", do an IPO for a huge valuation

- Probably merge it with Tesla, overhype everything

- As the humanoid, AI and space industry grows, so will the valuation just because of the market growth, not necessarily because of great/revolutionary products

At that point, nobody can even consider what the valuation is, as it is a mishmash of promises, fudged numbers, real numbers, potential numbers, contracts, hype and everything else. It allows moving financials around and tuning things to get him his 1T package and hype things even more.

I mean congrats to Elon, just by overhyping his products he shifts the timeline narrative more towards techno-optimism and earns himself more money. The financial shenanigans to follow in the next few years will be an interesting period for future financial archeologists.