Berber Jin

If SpaceX has a huge IPO, and now I guess since SpaceX is an AI company, right, they get to raise a lot more money.

They get the benefit of the kind of halo and the attention around going public.

And it definitely, I think, puts more pressure on OpenAI and Anthropic.

So XAI shareholders are very happy.

I mean, I think for a long time, most XAI investors that you talk to, they know that this is the end goal, right?

Like, I think none of them, even before this was announced, expected XAI to be an independent company that went public.

And I mean, everyone was expecting the company to merge.

They're kind of working through the rationale, right, and trying to buy into Elon's vision.

But there's definitely more of a nervous and mixed reception amongst the SpaceX investor crowd.

They control the rocket launch business.

I mean, it's almost impossible to break into that market.

That's why SpaceX is so valuable.

And it's kind of the crown jewel of Elon's empire.

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.