Comment by oblio
9 hours ago
SpaceX financials are a mess outside of the actual SpaceX part. xAI is losing money hand over fist, other random bits in there are doing the same. The valuation makes no sense.
It's basically a money transfer from the average person to the poor richest person on the planet.
The true Great Filter is mental illness, apparently.
> xAI is losing money hand over fist
I wonder how much better Anthropic is doing.
I think there are around 7 people who pay for a grok subscription.
Well, apparently Anthropic became "profitable" last month, because of some 1-time deal with xAI.
I wouldn't bet on either Anthropic or OpenAI being profitable, we'll find out soon enough what this house of cards has inside, as they both want to IPO.
Though with the current US administration, as proven by the SpaceX IPO, laws are mere recommendations.
Anthropic is paying xAI, not other way around.
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> Though with the current US administration, as proven by the SpaceX IPO, laws are mere recommendations.
Are they breaking laws?
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Moreover their filings on the matter basically correctly weight their space launch business and then go "and xAI will obviously be worth a bajilion dollars more".