SpaceX's IPO Bagship carries full payload of Elon's mistakes

Post by dollar » Thu, May 21, 2026, 7:30 PM UTC

Post by LZ_Khan » Thu, May 21, 2026, 8:20 PM UTC

analogpixel wrote: post #2

> LLM prompt: remove all the flowery language and summarize https://jamesthomason.com/spacex-ipo-bagship-carries-full-pa... The thesis: SpaceX has filed an S-1 to IPO at a $1.75 trillion valuation, raising up to $75 billion. The author argues the offering's main purpose is using public money to bail out the failing X (Twitter) and xAI businesses Musk previously acquired, while enriching insiders.

Post by analogpixel » Thu, May 21, 2026, 11:12 PM UTC

bix6 wrote: post #4

analogpixel wrote: post #2

> LLM prompt: remove all the flowery language and summarize https://jamesthomason.com/spacex-ipo-bagship-carries-full-pa... The thesis: SpaceX has filed an S-1 to IPO at a $1.75 trillion valuation, raising up to $75 billion. The author argues the offering's main purpose is using public money to bail out the failing X (Twitter) and xAI businesses Musk previously acquired, while enriching insiders.

This summary misses a lot of the interesting points / numbers he pulled out.