Quote from: K-Dog on Jun 07, 2026, 09:22 PMA company that is losing money is not worth $1.77 trillion.  Correct me if I am wrong.

If you BELIEVE Elon, you're wrong.  He writes a Biz Plan that PROJECTS future revenues that will pay investors a fat dividend every year if they give him their money to make the capital expenditure necessary to put his data centers up in space where they will get free solar energy to run.  This is the magic of using Other People's Money to get filthy rich.  Elon is a Master Salesman, and is able to convince the Smartest People in the Room he can do this.

Most biznesses have to produce something tangible and need lots of people to run.  The AI biz needs neither.  Once he has the hardware up in space, it needs no people to run.  Nothing tangible has to be shipped, it just processes data.  He can run the biz out of one office building anywhere in the world.  Virtually all of the money paid each day to process data on his machines in orbit is pure profit.

In REALITY, will people pay enough money every year to make those profits?  I highly doubr it.  He doesn't need to convince me though, he just needs to convince the bank that underwrites the IPO.  Then the brokers convince their clients to buy the stock.  POOF, Elon is a trillionaire!  No hard work necessary, no unique brilliant invention, just salesmanship.  It's his gift.

The truth is this is likely the final blowoff phase before the big bust.  At least it guaratees the crash will be spectacular.

RE