this post was submitted on 21 Jul 2026
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It's more a question what'll happen to the other AI companies. Investors have now seen the first of the big ones tank. They'll wonder if the same will happen with OpenAI, Antrophic and other AI adjacent like Microsoft, Nvidia. For a bunch of companies living of venture capital, that's deadly.
I thought SpaceX made space rockets?
After the merger with xAI, that's about 22% of their business. The rest is AI. The brochure will tell you about reaching for the stars and living on Mars, but the main product is actually Grok.
Which just goes to show you how bullshit the profit margins are on space travel when they gotta turn the business into a chat bot to be "profitable"
I mean the only part of SpaceX making money is the space part, starlink
That's the part making revenue, we're unsure if it's making a profit.
I was wondering why the stock price was so high. Makes a lot of sense now.
Funny way to put it. Since it really makes even less sense to be valued higher with twitter and grok added. Since they both lose money.