Can America be fixed?

Tubbsy said:
They have literally been forced to do so, because of some sneaky law changes to favour musk.


So pension funds investing in the F100 are forced to buy despite the fact that Musk doesn’t have to show anybody the books beforehand like every other company had to.

Sometime in August the'll have to publish quarterly earnings.....
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I'll open by stating quite clearly that I am a big grizzly bear on AI.

The BS that Musk pulled with SpaceX is clearly BS. I haven't met a single serious investor who thinks SpaceX was a good buy at launch. Most think a fair valuation is in the $50-$75USD range. Which coincidentally is the kind of valuation that aligns with the first few fundraising rounds. In the meantime, SpaceX has been an absolute cash burning machine.

The view of many bears such as myself, is that Musk was forced to pull off this float to reward these early investors. It was the only way to deliver any kind of return when there was no prospect of profits any time soon.

My friends in private equity have labelled it as 'getting retail investors to hold the bag'.

Super funds are well aware of this too and a lot of them have outright banned the holding of SpaceX until they turn a consistent profit.

Nasdaq tracking ETFs are in a tougher position, but some of them have launched twins that don't contain SpaceX.

If you want to short SpaceX, it's a bit hard to do because the float of shares is so thin. But you can trade derivatives, if you want to ride the Bear...

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Yep, very much in agreement. I’m in here somewhere.

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Oddjob said:
Super funds are well aware of this too and a lot of them have outright banned the holding of SpaceX until they turn a consistent profit.

Nasdaq tracking ETFs are in a tougher position, but some of them have launched twins that don't contain SpaceX.
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Would that level of exposure be enough to damage or sink the stock market either in the US or worldwide?
 
johnny said:
Not my area, so forgive if I'm stating the obvious, but I've lost count of the number of experts I've now heard saying that frontier AI is a money killer and a horrible business/investment.
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2026 capex forecast on hyperscaling datacentres maybe around $1 trillion
and total by 2030, around 5 to 7 trillion... so many gigawatts...

gotta spend trillions to make billions...

Was wondering though, how long do the components last and will they get recycled, or buried? and where?
 
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oldcorollas said:
Was wondering though, how long do the components last and will they get recycled, or buried? and where?
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When the bubble bursts then look out eBay :(

You sure don't get much choice with AI being the thing you are getting but don't really need or want it and sure didn't ask.

When it gets pushed everywhere like that then you can be sure that it isn't about you. It is a Tech Bro land grab now.

Sure ChatGPT can be useful but you have go to it, while Copilot popping up shits me no end.

Damn PITA to turn it off too.
 
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