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Patrick Boyle

πŸ‘€ Speaker
647 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

Yeah.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

So yeah, you're looking at, and I think that was growing as well, like the loss from AI is growing.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

And the whole story of SpaceX, it's no longer about space flight.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

It's kind of about this data centers in space idea.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

You know, there are a lot of people who've done research.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

It's not clear why it would be cheaper to put a data center in space than somewhere on the Earth.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

It might be cheaper to put one on the bottom of the sea.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

You know, it's not clear why this is necessary, but I think it's a mistake to ask too many questions about this.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

You just have to go with your feelings, you know.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

You know, firstly, I think they're kind of rushing it out largely because it's burning so much money, right?

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

Like 37 billion in losses since inception.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

And, you know, the VCs and whatever only want to keep putting more money in for so long.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

And there's a very hot market right now.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

You

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

And people are excited by Elon Musk stuff.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

They're also excited about AI.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

And I think Elon for years said that he would never take SpaceX public until he had reached Mars.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

I think until there was like a colony on Mars.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

So we're a little bit early for that.

Prof G Markets
SpaceX Just Filed to IPO β€” The Numbers Are Ugly

I think the real reason is just...