Elon’s “Thinly Disguised Fraud”: $1.25T SpaceX-xAI Merger
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Elon’s “Thinly Disguised Fraud”: $1.25T SpaceX-xAI Merger
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John Johnston (JJ) breaks down how Yanis Varoufakis writes that the recent merger of Elon Musk’s SpaceX and xAI, is part of a financial market too eager to buy its own illusions. He thinks the market valuation is similar to the fraudulent arithmetic used during the Dot Com Bubble.
Related episodes:
It’s All Falling Apart For Elon Musk, Tesla & SpaceX https://open.spotify.com/episode/02oPX7onUsiODaZ71SDAF3
Elon Musk’s ‘Self-Growing Moon City’: Anyone Still Believe Him? https://open.spotify.com/episode/7GqExGR4JY2mVIhfrNN0mz
AI Bubble: Is OpenAI Cooked? Walls Are Closing In https://open.spotify.com/episode/1a4VbuQlYl84R67A0TtH2I
Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision.