Yep. AI has drained the venture capital well dry. So…
You merge xAI with SpaceX to make one profit making company and a loss making company in to a mixed financial bag.
Hype “Data-centres in Space” for a good six months to make it seem like it all makes sense.
Sell all your compute to Anthropic / Google (with 90-day termination clauses) to get some revenue on the books.
Lobby that you’re such a good deal S&P and NASDAQ should change their rules to admit entry to their “required to buy” stocks. NASDAQ bites, but S&P refused.
IPO: $80B raised from IPO partners (banks) at $135 per share. Job done. No control lost because the share of the company was so low.
IPO subscribers (banks) sell to markets at upto $225. Lots of happy bankers. Retail markets (e.g. investment funds) now holds the shares, but it’s all good, right? Nasdaq have it listed so there’s an enforced buy in two weeks.
Stock slides. Enforced buy comes at ~$145 per share and it feels a bit more firm for a day or two.
Stock resumes it’s slide to below it’s IPO price.
Stock now sits at $124
Net result:
Space X : +$80B
IPO subscribers: +$40B…ish
Public Shareholders: +5% of SpaceX (Currently $69B) & -$120B
Yep. AI has drained the venture capital well dry. So…
Net result:
Interesting and informative.