SpaceX IPO Is Troubling Sign for Markets, Chanos Says (youtube.com)
'Wall Street has a printing press too, just like the Fed.'
'Is SpaceX worth $1.77t' asked the NYT, because xAI seems to be changing its business model from developing models like Grok to becoming a neocloud (a commodity business so less valuable).
Buying chips from Nvidia or someone, and leasing them to Anthropic or someone. A finance business. A rate of return business.
'Is it Elon premium x 2? or is it Elon premium / 2 ?'
'Starlink is a real business. It's worth a couple hundred billion.'