The xAI merger is the core of the rugpull
SpaceX made 8 billion in profit last year and xAI is losing 1B per month.
The whole IPO is convincing people that datacenters in space that are orders of magnitude more expensive than ones on earth is a financially viable business model and that tens of millions of people that already have internet are going to give up fiber for starlink.
It’s FSD and robotaxis x100
