Can someone breakdown to me how this makes any sort of economical sense? Spending billions and billions to have the 3rd best model while even the number 1 and 2 players already seem to struggle making a profit. What am I missing here? Not trying to go full Ed Zitron but this doesn’t make sense to me.
Capital markets are excited by AI.
By tying his rockets to AI with his vision of “orbital data centers”, Elon turned an $8 per share IPO (at least according to financial times and morgan stanley) into a $135 per share (1.8T) IPO.