this post was submitted on 02 Feb 2026
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TechTakes

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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.

This is not debate club. Unless it’s amusing debate.

For actually-good tech, you want our NotAwfulTech community

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Or maybe Tesla

https://www.youtube.com/watch?v=VMKyocHwUJI&list=UU9rJrMVgcXTfa8xuMnbhAEA - video
https://pivottoai.libsyn.com/20260202-musk-wants-to-merge-spacex-with-xai-then-go-public - podcast

time: 5 min 18 sec

UPDATE: the merge has gone through, apparently for "$250 billion" of imaginary value of private company equity

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[–] originalucifer@moist.catsweat.com 58 points 1 week ago (2 children)

he loves to do this... roll the failures into the successes and pretend it was all awesome all the time.

what a fuckwad

[–] Canconda@lemmy.ca 22 points 1 week ago

IPOs are the only time he feels like he has friends.

[–] Meron35@lemmy.world 12 points 1 week ago

If bankers could roll the dodgy home loans into the successful ones and pretend it was awesome all the time before 2008 why can't Elon?

[–] Seaguy05@lemmy.world 31 points 1 week ago (27 children)

SpaceX can't go bankrupt... You won't let us go bankrupt... It would be a shame if all those satellites lost their ability to be maintained. This is how he becomes too big to fail.

[–] o7___o7@awful.systems 15 points 1 week ago (2 children)

When Woke 2 comes, we'll nationalize SpaceX.

[–] froztbyte@awful.systems 8 points 1 week ago

We can turn it into a horror-themed exhibit park. And sell vip tickets for using some of the more particular roams as rage rooms, just smash all that nonsense up

[–] nightsky@awful.systems 5 points 1 week ago

When Woke 2 comes

ooh, please tell me there's a release date already

[–] cstross@wandering.shop 12 points 1 week ago

@Seaguy05 @techtakes Bear in mind SpaceX's near monopoly is transient: Jeff Bezos's Blue Origin is now flying and re-using New Glenn and ramping up launch cadence aggressively. Give it 5 years and unless Starship works 100% to plan, SpaceX will be eroding like Tesla today. (And this ignores the multiple Chinese reusable launcher startups with government backing.)

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[–] scruiser@awful.systems 19 points 1 week ago (4 children)

Has anyone done the math on if Elon can keep these plates spinning until he dies of old age or if it will implode sooner than that? I wouldn't think he can keep this up another decade, but I wouldn't have predicted Tesla limping along as long as it has even as Elon squeezes more money out of it, so idk. It would be really satisfying to watch Elon's empire implode, but probably he holds onto millions even if he loses billions because consequences aren't for the ultra rich in America.

[–] V0ldek@awful.systems 14 points 1 week ago

The market can remain irrational longer than a chud's heart can remain functional

[–] corbin@awful.systems 10 points 1 week ago (1 children)

I wonder whether his holdings could be nationalized as a matter of national security.

[–] scruiser@awful.systems 4 points 1 week ago

The democrat party is far too feckless to actually pull that off, but that would be a nice ironic twist to his attempts to leverage government contracts and being too big to fail.

[–] Plum@lemmy.world 9 points 1 week ago
[–] Kazumara@discuss.tchncs.de 4 points 1 week ago (1 children)

until he dies of old age

Why so pessimistic, maybe we'll get lucky instead. The Ketamine could get to him.

[–] scruiser@awful.systems 5 points 1 week ago

I would dare to hope, but seeing how long Trump has been able to chug along despite his diet (and presumably drug habit, like that one debate where he was constantly sniffing) I wouldn't count on it.

[–] ramenshaman@lemmy.world 15 points 1 week ago (2 children)

SpaceX is actually really fucking successful, why would be destroy it by tainting it with shitty AI? Oh right, because he's a moron who does way too much ketamine.

[–] mech@feddit.org 14 points 1 week ago (1 children)

SpaceX has the US government by the balls, and several others, due to Starlink.
Musk wants to leverage that by intertwining SpaceX with his other shitty businesses, to protect them as well.

[–] cstross@wandering.shop 15 points 1 week ago

@mech @techtakes Having SpaceX take over X is going to backfire explosively real soon now: France isn't the only government investigating X for election meddling and peddling child pornography, and it could take down SpaceX's ability to do business in countries that would otherwise be buying launch capacity:

https://www.bbc.co.uk/news/articles/ce3ex92557jo

[–] floppybiscuits@lemmy.world 9 points 1 week ago* (last edited 1 week ago) (8 children)

I'm assuming you mean operationally but not financially? They wouldn't have to raise capital so much if it were financially so...

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[–] frustrated_phagocytosis@fedia.io 15 points 1 week ago (1 children)

Is this the AI that makes child porn on demand? Wouldn't shifting liability for that in to your space toy company be bad?

[–] eRac@lemmings.world 16 points 1 week ago

It also owns Twitter because Musk spent $33 billion in AI investment cash to buy Twitter from himself to pay off his debt.

Now he is using space investment money to pay off the AI investors.

[–] wizardbeard@lemmy.dbzer0.com 14 points 1 week ago

Awesome, turn it all into one giant morass of shit. Maybe it'll all go bankrupt faster.

[–] Formfiller@lemmy.world 13 points 1 week ago

Space x needs to be confiscated and rolled into nasa and or space force. I’m sick of pretending that these investors are anything other than parasites

[–] apfelwoiSchoppen@lemmy.world 8 points 1 week ago

Merge both into the fucking ground.

[–] JustJack23@slrpnk.net 8 points 1 week ago

Someone is seeing the bubble popping...

[–] BioMan@awful.systems 8 points 1 week ago

So.

How much of this is folding all the meme stocks into the one thing that actually produces a product that people all over the world demonstrably want to pay for over the competition to keep their stupid plates spinning?

And how much is religious psychosis, advancing along the singulatarian eschatology from AI to dyson sphere to rebuilding the universe in His Image?

I can't tell.

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