Berber Jin

The rationale for the acquisition, there isn't really like an immediate tangible benefit to SpaceX's bottom line, right?

The case you can make is that they could work together to figure out the technology needed to build data centers that are able to operate successfully in space, right?

They're able to work on the design together.

SpaceX would have...

more of a sense of the research direction that XAI is going in, you know, how to design systems that kind of work very well with the models that XAI is training.

So I guess that's the kind of the benefit that SpaceX would get in theory.

I think it definitely complicates the plan to go public for two reasons.

I mean, first, they have to actually integrate and unify the cultures, right?

So there's a lot of legwork to do there, and that takes time.

And usually when a company goes public, they already have that stuff mostly sorted out.

The second thing goes to this question of how are they going to sell this new business?

The way Wall Street works is people, I mean, it's all about narrative.

The question is, are they buying the narrative that the company is selling?

even if you're going to give Elon buy-in to his vision, it is a bet that is very much ambitious.

Some people would even say, you know... Out of this world?

Out of this world, overly idealistic.

And if you're a cynic, right, and I've spoken to a lot of investors who are a little bit more cynical of Elon's motivations, they would say it's just a way for him to save XAI.

He is really willing to do whatever it takes to win in AI.

And it's become clearer than ever that he is willing to leverage the power of other parts of his empire to shore up ex-AI.

Yes, I think that that's exactly the way to look at it.