SpaceX prospectus: "Many of the innovative products and…
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SpaceX prospectus: "Many of the innovative products and services described elsewhere in this prospectus may ultimately be unsuccessful and may require great expense."
That's a heck of a disclaimer to have on your filing. This whole thing reeks of a pump and dump scheme.
Full article here: https://pivot-to-ai.com/2026/05/28/the-spacex-ipo-works-like-a-crypto-fraud-but-with-ai
But I don't think because OpenAI and Anthropic "only" have 1 trillion dollar valuations they are much better. It's like they are using SpaceX as the comparison friend. "Hey guys our valuation is only 50x revenue not 100x". That's still an insane valuation that isn't sustainable, especially for unprofitable companies being propped up by their own GPU vendors and data center providers.
#business
That's a heck of a disclaimer to have on your filing. This whole thing reeks of a pump and dump scheme.
Full article here: https://pivot-to-ai.com/2026/05/28/the-spacex-ipo-works-like-a-crypto-fraud-but-with-ai
But I don't think because OpenAI and Anthropic "only" have 1 trillion dollar valuations they are much better. It's like they are using SpaceX as the comparison friend. "Hey guys our valuation is only 50x revenue not 100x". That's still an insane valuation that isn't sustainable, especially for unprofitable companies being propped up by their own GPU vendors and data center providers.
#business
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