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SpaceX IPO Scandal
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- Published on Apr 14, 2026
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SpaceX is targeting a $1.75 trillion valuation for what could be the largest IPO in history. In this video, we examine how Elon Musk is folding a money-burning AI startup and a struggling social media platform into a rocket company to justify a price tag that defies financial gravity. From the engineering absurdity of "orbital data centers" and lunar railguns to the structural manipulation of the Nasdaq 100, we explore how low-float strategies and "fast-track" index inclusion rules are being used to turn passive 401(k) investors into exit liquidity for insiders. We look at the gap between EBITDA "vibes" and GAAP reality and the pivot from Mars to the Moon.
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Come out of the world everyone here, Jesus Christ is coming back very soon. REPENT from all of your sins. Focus your eyes and mind on Jesus ONLY. Follow Jesus Christ's examples everyday.
I'm good, you OK?
WON'T A POCKET SQUARE COMPANY PLEASE SPONSOR PADDY
🎉Elon is actually trolling the world😂
Great rap news as always, big up PB. 👊
I thought Astrology in financial markets was called Technical Analysis?
Patrick is a finance guy. Love him but, he has never done anything but extract profit. Companies that actually make things are a bit plague to him.
And consulting
Two sides of the same coin.
@GangstarComputerGodProviding capital to businesses is in fact value creating. As is price discovery and liquidity provision.
@GangstarComputerGod from what I remember of his books ("statistics for the trading floor" and "pricing financial derivates") are more about quantitative analysis from his days at a high frequency trading hedge fund. and yea....very much spot on in saying "extracting profits". best you can say of those is that they make markets more efficient by proving liquidity and trading volume by arbitraging bid/ask spreads.
It will never not be funny to see someone with the gravitas of Mr. Boyle reference internet culture.
21st century equivalent of a university professor casually weaving ebonics into his lectures
After all he covers rap
Gravitas for sure but the bone dry humour is always lurking in the background.
@martifingers Yes. "Currently Starship is still in the frequent-explosion phase of developement" HAHAHA! Ooooh, that one got me good.
67 - 69 whatever it takes
Wanted: Bagholders.
If it gets into the Nasdaq100 every index investor will become a bagholder. He's got us by the short and curlies.
Yup, rug weights
@monkey2.092 I took every penny of my retirement funds out of the stock market for that reason. Fund managers have given up on reallocation (their job) because the AI bubble is the only thing maintaining their veneer of competence. Since I made that move, the stock market has dropped 4%.
Yes, I know that stocks are the long term win, but the funds are too vulnerable in the medium term; we could easily see a 20%-40% stock market drop.
musk wants out. He thinks market is at or near peak so unloading makes sense to move on to other things before money and stocks become even less valuable
Haha. Just look at TSLA or PLTR - there is ABSOLUTELY NO justification for that valuation - yet here we in 2026. I wouldn't touch neither of these stock - certainely not spacex
When they’re changing the rules to benefit one single company, its a sign the rules no longer matter.
Coincidentally, 420 has a special context in India. It is linked to forgery and conman, as 420 was the number of the article in older Indian Penal Code for forgery.
In Nigeria we have a similar article, 419, in the penal code which criminalizes advance fee fraud. And now 419 in Nigeria means fraud/scam
Interesting, we have the same tradition in Brazil. We call embezzlers "171".
In US meme culture, 420 is another name for Marijuana
Nice
No one cares about india
I'm starting to realize "retail investor" is most often just a bunch of syllables to say rube
Always has been...
Institutional investors eat retail investors all day, every day. Hedge Fund managers eat them both.
Yup, we need the dumb money
Perfect example of “you are the exit liquidity”.
💯 Endless fools will give Elon $billions now, gotta take advantage of that while you can. When it all implodes you don't want to be holding the bag.
With the amount of roast Patrick is handing out you would thing his expertise is BBQ and not finance
Thanks for the giggles 😂😂😂 you have yourself a great day!
I thought this was a rap channel
Thunderf00t could learn something here when it comes to roasting.
Judging by the late 60's/70's pillow, Patrick is visiting his parents, I assume Patrick learned this from Mr. Boyle who would probably mutter something like "When are you going to make videos about important people" while flipping some prime cuts with his 40 year old tongs.
Patrick needs to set up branding for barbeques. " Roast you ham like Patrick roasts Musk."
Vive Boyle BBQ!
2:22 "facing a liquidity plateau", which means running out of money
No they're running out of water from the ai datacenters
He's literally promising the moon. Will be fascinating to see if anyone buys it
What can fly to the moon, can also drop on Moscow
if you're smart, you would buy some and sell them after a few weeks. it'll probably fly high from hype before crashing
@prosysusEh, we're kind of beyond that stage. Any half assed space program can hit the moon these days. Landing humans on it (and getting them home) is a different challenge.
The Musk Fan Bois will sell their blood to be one of the first to buy shares.
Lol a rapid unexpected disassembly quality
The crossover between the people who believe crypto isnt a pyramid scheme and those who believe Musk businesses are genius investments isn't surprising.
Ethereum is great tech. ETH has lower inflation than USD and BTC. It is also the best self soverign asset, better than physical gold as it can be echanged and got to market much more easily.
Musk is much more about fake promises or weird unhealthy grandiose planes.
Ethereum is decentralised and Ai is generally for the elite. Most of the other crypto is scammy or impractical like Bitcoin.
@MrG-d7e personally, I find crypto too volatile to consider it a reserve currency
And fearing inflation after seeing a 50% value loss, is like fearing the infection derived from a white shark bite
Eh. I think crypto is a scam, but my 2013 investment in TSLA let me retire in my 50s. I could've been much richer if I'd bought BTC. It's all gambling. Pretending it's anything else is the real delusion, regardless of whether you're investing in TSLA BTC, LMT, or whoever. Stocks don't pay dividends anymore. They "pay" by hyping the stock value. The entire stock market is flim flam.
This merger should be illegal
@drillerdev4624 To be fair shark dental hygiene isn’t great
"Hey Buds, E here. Need to pivot attention to a new longer lasting grift since these old Mars ideas are running out."
You mean aside from the Full Self-Driving? And AI robots? And the Tesla Speedster? And the Boring Tunnel under LA that was an intentional move to handicap alternatives to car ownership?
@aidanabregov1412 aaaaaaand HYPERLOOOOOOOOOOOOOP....
0:32 😂 half a minute in and we are explaining the relevance of astrology to Elon Musk. Love it!! Strap your bits in, it's gonna be bumpy... 😂
I just remembered when elon bought twitter and claimed he would house the new global currency and exchange systems entirely on its infrastructure 😭
It will. He just started X Money
He constantly makes predictions that turn out false but for some reason it doesn't matter
I recall that people with your perspective predicted Twitter would collapse after he laid off 50% of its employees.
@tomlxyz ...like Trump...
@tomlxyzHe has consistently delivered although his timing has been off. There’s a reason why there’s only one Starlink allowing Ukraine to have a chance against the Russians) and SpaceX is responsible for 85% of space deliveries. I guess Patrick won’t discuss this.
Retail public will be left holding the bag as always
I plan to sit and watch the price on launch with a bag of popcorn.
@BonkersAboutAlice I don't watch sporting events this is much better.
Every IPO since eh... 🤦
I mean the problems here are being broadcast everywhere. If you can’t be bothered to do a google search then you get what you give.
@windowdoog the shitcoin epidemic and now the betting plague proved how gambling is even more of an issue than nicotine vape.
People get distracted easily, idk eugenics sounds more and more enticing...
The IPO has a 100:1 ratio for stock price to yearly revenue! That’s like saying a company that has revenue, not profit, of $10,000 a year is worth One Million bucks! That’s crazy!
And still Tesla beats the P/E ratio 😂
Damn, in that case my dad should value his freelance business at like 30m lmao. What a fucking stupid IPO
Yes, but the investors are pricing according to anticipated profits in a couple decades. Anticipation based on nothing but science fiction.
The P/E ratio for Tesla is 370, so... no!
Nice example. Last time I checked Tesla had a PE of 300. Not quite as bad I guess.
Elon Musk makes Jeffrey Skilling blush.
Fast tracking SpaceX into SPY is absolutely insane. I want no part of this, yet there goes my 401k jumping right in
It's going to be tough to find investments that don't have exposure to SpaceX. That IPO is going to suck up a lot of capital, and it's going to cause fund re-indexing issues. Practically every 401k is going to be invested in it, whether you want that or not. Not sure how we can avoid it.
@PhP-b3uI'd love to sell my US index fund holdings, but selling when the market is depressed due to the Iran war is also unwise.
Caught between the fire and the frying pan.
@PhP-b3uwhy would you want to avoid it. It’s the future and it will be worth trillions
@lessforloans its not the future though. Also spaceX has a hard cap in regards to growth. The only truely valuable part of their business is Starlink.
@lessforloans How will it be worth trillions? Sending more sats into space is not worth that, let's be real and mars bases will not be a thing in anyones current lifespan. Space mining is not going to be a thing for long time if at all.
I’m glad someone is scrutinising this nonsense as harshly as it deserves. I wish journalists and investors would talk to more experts, so we don’t end up with this trash in our retirement funds.
The Royal Astronomical Society today: "SpaceX and Reflect Orbital plans would permanently scar night sky". Now, check that latter, maybe even crazier idea, to reflect light with giant mirrors to the solar panels, so they would supposedly work even at night time. Another VC-milking venture?
It worked for the current ongoing PE and crypto bailouts. Why do you think 401k’s were automagically changed to include these ‘investments’. Your the exit liquidity.
Yes, fast-tracking XAI into the NASDAQ as a way to force passive investors to buy the junk gives me the willies
WOW! Another GREEDY BOOMER more concerned with their retirement fund and how to get more more and more at any cost.
Nonsense? Are you even capable of understanding how much work can be done by a humanoid robot with all the capabilities of a human (and then some ), which can work 24/7 non stop. NON-STOP. No breaks. You're an idiot.
Please, just pass the torch and go play golf so we can begin to fix the world you've destroyed. I BEG YOU.
@Digital_Blondie spoken like an idiot
"Space is called space for a reason"
"Rapid Unscheduled disassembly" aka explosion
Yeah, an important term was glaringly omitted: "vacuum" of space, as in there's a reason Musk's statement omits "vacuum" because it sucks.
@MorfWondrousYou’d think Musk might enjoy that…..
@MorfWondrous Vacuum matters
@MorfWondrous the vacuum of space does indeed NOT suck. The Atmosphere of tincans used to store Humans in their insides BLOWS... as nothing does not have any energy to move matter from A to B, the energy to move therefore has to come from the already existing matter, that tries to spread out evenly throughout the tin can and the surrounding vacuum/nothingness...
"Bagholders wanted!" is the best title I've seen in a while. Kudos, sir.
He must be in big trouble. Musk has always stated he wanted to keep SpaceX private at all costs.
yes he is not known for changing his mindD:
He is or rather his AI company is eating all of the money so now it’s eating SpaceX…
SpaceX's golden age is about to end.
Blue Origin built a rocket with reusable booster, other companies are working on it.
Amazon already started building their internet provider constellation and has better ground infrastructure.
SpaceX's StarShip is stuck, even if they achieve full reusability it can't carry a lot of usable cargo into orbit.
Last chance to hype up the company and cash out is now.
That's how Elon makes money. Not by his companies making profits, but by hyping stocks and selling them.
@captiannemo1587 he can’t leave it private as this is how he makes his money not by producing profits but by producing hype and theater! His businesses don’t make money they promise to be the future much like a ponzi scheme!
@dariozanze4929 precisely. Musk is just scamming shareholders. As usual.
“Currently Starship is in the “frequent explosion phase” of development” - that’s why I love this channel so much.
Pure wit
up there with "X, the app formerly and currently known as Twitter"
"move fast and break things" … well, they achieve at least 50% of that
Justifying $1.75 trillion without taking care of all the problems on earth first, it's simply Ludacris
So turning to the public in order to pay back private investors. Looks pretty pyramid shaped to me
The tax payer teat can only satisfy him for so long......
every IPO has that potential in my view.
Its not pyramid, its trapezoid.
Completely different thing....
The ignorance is strong with you.
The whole world knows, that he is a conman, but they are investing anyway. The market is stupid. 👋
"We'll be gooning all the way to Mars, boys!" ~ Elon Musk
"Pls go, yes, pls go to mars" the rest of humanity
@theoriginalcheebamechthey can take all your supporters along with them. Just need one BFR and off they go 🚀
*grooming
It's probably the only thing going to mars 🤣
Just Elon's Special Sauce ™
@xavloz Musk doesn't have 'supporters', he has "Elongelicals". I thought you knew.
Oh, ok. So just because the physics don't make sense, the finances don't make sense, and the company in question has a rich history of overpromising and never delivering the IPO is questionable.
Won't stop wall street from buying.
Sounds like some of the new start up stock companies involved in settling the New found lands in the West. They were bad investments. Exception the State sponsored West India company of England and the Dutch and they had government financing.
Starship isnt even close to being operational let alone able to launch data centers.
"It's always sunny in space, and there's no neighbors to complain about the noise." 😂😂 Patrick, you never disappoint.
It really is the level of analysis the proposals themselves reach
Never have seen a leprechaun but have seen lots of irish trolls😅
The guy can only work under the protective umbrella of government subsidies.
Like you?
It’s a gravy train not a protective umbrella
His businesses are related to military and surveilance. His hyperloop was not related to any of that, did not get subsides and failed.
@MoniToni-x6g Hyperloop did achieve it's goal: delay/cancel california HSR
"Frequent explosion stage of development" 😂🤣😂😂🤣
It’s genuinely the most fun stage of development.
😂😂😂😂😂😂 Musk now a source of endless laughs.
The best way to make a small fortune in aviation is to start with a large one.
People need to be rioting over this and blasting NASDAQ and the S&P committee for even considering SpaceX being indexed before it's gone through the standard rules of indexing. There's no way SpaceX will qualify for indexing (in either index) on its own merits! This is blatant fraudulent financial engineering.
But of course
Its not like USA was a corrupt capitalist country before Trump, but now the elites have become totally shameless. It was terrible before, and it got worse,.. and it will get even worse. Trump himself did already plenty of those crypto scams raking in billions of Dollars into his family. Insider trader worth billions of Dollars. You wonder how long this will go on without sever damage for the whole economy.
It sure is. It's just to force index funds to invest in Felon Musk's latest vaporware. If this is how bad it's getting in the mainslime financial industry, then there won't be any more index funds in my future.
Sime to bombard the SEC with complaints of fraud and manipulation. Let's see if they'll do anything about it.
Absolutely. This is the real legalized fraud - index investors being forced into buying companies through manipulation of the indexing rules to benefit insiders.
Bagholders wanted is a much better thumbnail 😂
Oh cool, the guy that promised we'll be on mars by next year for the last decade promises we'll have super ai datacenters and moon factories *soon*.
Don't be such a pessimist. Once the moon factors are in place his flying cars will be super useful. The same flying cars he promised were going to be on display by the end of 2025.
Tesla still doesn't have fully autonomous cars. Musk has been promising that for over a decade.
He also promised Earth to Earth transport. Funny how he doesn't seem to mention it anymore. Probably will go the same way as his hyperloop
Don't be like that just come visit us in Texas we'll show you, take a point to point rocket flight and then jump into a robotaxi to the factory we'll explode a tax dollars rocket or two with my buddies Slow Rogain & governor hot wheels while smoking blunts filled with Texas mids, then the sheriff will take you to jail and we'll have you deported. Nice plan?
Because people going to Mars has always been impossible. It is a cover story for all those who don't know stuff like this, and that he is a Fed, and a defense contractor. He is a front for the DOD. Its a cover for weaponizing space. It is why he has the Space Force contracts. Space Force was given a goofy name on purpose to distract you from the fact that is their mission, to militarize space. It is why many countries block starlink,as we saw in Iran. Why it was given to Ukrainians to field test during a war. Why the claim the cybertruck is a "vehicle for the apocalypse" but is now being tested in the middle-east.
Musk also isn't the wealthiest man in the world, or even the country, no one knows how much these people are worth. It is a planted explanation for all the defense ventures.
Mr. Boyle was incorrect about grok too. Grok is paired with Oracle and using the distraction of the Iran war, they merged all our federal data into Oracle.
The man who runs Oracle is Larry Ellison..Who created the surveillance state for China ( remember that when the Fed mentions that China is a police state in a disparaging manner, it was created by an American) who created the police state for Gaza, the weapons lab for Isreal, owns tik tok, Stargate LLC, and is buying Paramount/Warner. And the Feds just gave him E V E R Y T H I NG. And grok is the device that searches the Oracle data. That is why DOGE was such a joke, they were actually feeding grok and Oracle our federal data.
Musk and Trump are doing exactly what they are paid to do, be a distraction. He isn't going anywhere, he is our new overlord.
Let this be a lesson that every bit of media should be treated with all the integrity of a tabloid.
The only person with his car orbiting Mars....and for many years at that.
As a passive investor, these planned IPOs and the index rule manipulations make me furious. I don't want my money to go into these bullshit companies with their fantasy evaluations.
One could argue that the crazy amount of money in passive investing nowadays *is* what makes these kind of manipulations possible in the fist place.
Absolutely agree with you !
@garak55 There's no free lunch.
@garak55Maybe, but relative prices are set by active investors, aren't they? I'd expect purely passive investment to capitalize the market at a roughly uniform P/E ratio or some similar metric.
There is already an exodus from passive to active and from market weight to equal weight. These Musk induced changes should trigger lawsuites at least and possibly a fork in the passive equity ETF market. I think all large cap indexes should have an “excluding Musk” ETF. It would be an easy way to grab huge market share in the largest financial commodity
Respect. The only channel on YT that can explain the spaceX IPO by comparing it to Tekashi69 and instantly painting a clear picture of what it means. Thanks.
Kind of hard to expect more people to buy your product when you’ve already publicly told people that AI will make them unemployed.
Elon went on a rampage 3 years ago about the dangers on AI. That the Government needed a new branch to govern and regulate it. Then he claims Tesla is an AI company. That they are THE LEADERS in AI. And tried to shut down the branch of government that takes care of widows and orphans.
Imagine acting like a rocket engineer and space pioneer for more than a decade and still believing that “space is cold, so we can just cool stuff there!”
You do realize the earth is cloaked with 10,000 space x satellites?
Why didn’t any other company do it before him?
The solar system has Uranus. Does it need another one?
I can think of no better launchpad for Elon's IPOs.
Too late, there's already several competitors.
🤣🤣
I think you mean Musk is a 55-year old teenager.
1:57 whenever I go i cant escape the 67 joke 😂
I lost it at this point . Best channel ❤
6 * 7 = 42
42 is the answer to the question of life, the universe, and everything
They make 16 bil in revenue, probably negative 30 bil in losses... And investment bankers think it's worth 1.7 trillion LMAO
Proposing the most expensive space mission ever when you own a rocket company is like being a quarry owner convincing the Pharoah to build a bunch of piles, er...pyramids, with your stone.
That's exactly how it's done!
That feeling when you are editing a Powerpoint when the LSD macro-Dose kicks in. "SpaceX AND xAI's mission: Scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!!
Or maybe just upload the data so you can do a reset in the event of cataclysmic event?
what even is sentient sun
STARS, Stars, Stars, stars stars pspsp
@MissingInPersonSci-fi bs to dazzle Musk's soft headed fans
A sentient artificial sun? So someone is plotting to create Solaris.
Well current private investors need to get their money 100x somehow
The Saudis are over him
How else are they going to afford yachts and politicians. And carnal pleasures.
Welp they ain’t getting fark all out of Blackrock now, are they?
Going public revalues the company, shocker. It’s almost like demand = value. 🤯
@jasonjones2329and their crippling gambling debts they racked up on those shady apps
Whoever did the thumbnail deserves a raise js. It's very funny
"because Jupiter is feeling a bit spicy" 😂😂😂😂😂
Indexes only make sense when the Indexes don't allow themselves to be gamed. If indexes won't be sensible, Index funds should fight back with "index excluding floats of under 30%"
Exactly. Index funds have a duty to exclude scammy companies.
@nonindividual scammy has duty to exclude scammy? pyramids fighting other pyramids ?
@OlenMeesLook overseas.
As always, a good invention for the public, like index-linked fund, gets subverted to scam the public. That's the pure raw essence of capitalism. You cannot tweak it to make it benevolent.
@andreys7729Unlike space travel, index founds were not exactly a soviet invention.
All this nonsense, and yet they see moral hazard in feeding the world's children. We might be doomed.
Of course we are doomed. The Great Filter wasn't nukes after all but tech billionaires × politics.
Forget children, who is saving the climate? Who I ask?🤣
Consider the amount of money given to good causes (homeless, vets, food supply, etc.). The thieves that scalp from the dollars have created a very inefficient delivery and services system.
The people that are scalping are the ones fighting to keep all these systems their free money glitches.
Sad but true.
@JerjerB I feel I am not up an up on your book-c;ub lingo. WTF "Great Filter wasn't nukes" even mean? I see 8 morons gave you thumbs up I am withholding mine for now.
It's only moral hazard because he can't see the profit in the lives of anyone but himself. Personal gain is his only motive.
14:09 Wait….isnt that a plot in a Futurama episode?! Are we really throwing space junk into outer space??
I love his dry sense of humor. A++
I’m subscribed for the hip hop opinions.
The man is a fireball of truth!
When's he releasing that mixtape?
1 and only Patrick Boyle of Finance.
Let the class begin.
I think you're in the wrong place. This is a rap news channel.
All the people from Greek mythology seem to be in US these days ; Midas, Narcissus, Ikaros etc.
@ellengran6814 see what you did there. Nice!
This is a rap news channel.
What do you mean? This is my favourite rap channel!
A million satellites in space with a cooling array 4km in length? Elon's mouth writes a check his ass can't cash. Again.
Unfortunately investors won't give a hoot. He has hundreds of billions to "back it up" so if they invest quickly enough their gains would be substantial
Any pretext for money laundering that also justifies the ongoing rape of the Treasury is good enough for me!
@Avroxyy I will say this... he has a lot of supporters in the aerospace employment base in the US.... making up BS about Full Self Driving or being able to build (tiny, model) subways for super cheap is kind of outside of their wheelhouse; thermal management is. He's become the guy at the bar claiming to work for the CIA while talking to someone who actually works for the CIA.
It takes a lot of fuel to keep a 737 cabin cool and it starts getting progressively worse once you start to get above around 30kFt... Thermal management is one of the biggest limiting factors in Aerospace and "data centers in space" is one of the most ridiculous things anyone could propose. I can't figure out if he's stupid and takes this as a challenge or if he's stupid and thinks no one would notice.
@Kan@Kandralla just a plausible (to the public) excuse to merge xAI and Spacex. Like Solarcity and Tesla. So the upcoming investors would have a reason to not ask questions.
@Kandralla he's stupid but he paid so many people to kiss his ass that he forgot he's stupid.
I'm glad I stayed till the end. I did not realize it was being fast tracked to nasdaq and s&p 500.
Wireless broadband will not grow much for a simple reason: Cable infrastructure ecosystem improves with user density while wireless degrades with user density.
And the need to replace the low orbit satellites.
The robots will likely be connected to corporate-owned satelites 24/7. Allowing local networks to connets to a Tesla-produced Android might not even be physically possible without (illegally) jailbreaking it.
Maybe you should replace cable with fiber optic lol
@adamr4344fiber optic what?
Datacenters in space is an embarrassingly stupid idea. It must be radiation hardened, it will be difficult to power, impossible to cool, the connection will be high and variable latency, the launch costs, etc. It's dumb on every level, people who invest in it deserve to lose their money.
Exactly. Musk seems just fixated on the idea that going to space is vitally important, and he fires anyone who tries to help him by saying what you just pointed out. He seems stuck at a 12-year-old level of emotional growth, complete with temper tantrums.
It's almost as dumb as "we need to colonize Mars because of climate change!"
Like... the sheer amount of effort required to move the human race to Mars, complete with terraforming a dead and radioactive world to support said population, with all the infrastructure brought over, while boostrapping more on-site...
It's insane. Just think of food. Sustainable, industrial-scale, agriculture when there is nothing but rocks and sand to grow from. Poop fertilizer will be essential along with heavy use of hydroponics. Which is an issue, because... water.
Mars once had an extensive ocean, but after losing most of it's atmosphere, the majority of the planet's water was stripped away. With no atmosphere to soften the sun's strength, all surface water evaporated. Without enough gravity nor atmospheric pressure, the water vapor then just... drifted off into the void of space. There is water to be found in ice/permafrost and evidence of extensive aquifers of liquid water... but with everything on Mars, how do you efficiently and economically access such a vital resource. Then manage it sustainably with as little loss as possible?
The entire 'outside' environment is an inhospitable, radiation saturated, lifeless hell of dust (understated problem as the dust will massively increase wear and tear of infrastructure, block solar panels, and outright destroy exposed machinery) with only the thinnest of atmospheres almost entirely comprised of CO2.
Then there is the gravity. We just don't know what effect moving to a planet with substantially lower gravity will do to life, but early studies suggest it's... not good. Our bodies develop and function with the presumption of a constant gravitational pressure on them: it's necessary for proper development, bone health, muscle mass, interior pressure, the works. Our health, and general biological balance, all assume 1G of constant pressure. Just think of a baby. What happens when an embryo is gestated, develops, and is born? All on Mars? The neonatal environment of a developing fetus is crucial. Will lack of gravity cause development defects?
And that's just humans. How will other life forms deal with less than half of Earth's gravity? Studies have been done growing plants in the ISS, but what about long-term effects? How will plants react to generations of growing on Mars? Fungus? Other biotica?
Or we can just fix the goddamn mess we started on this planet for a fraction of the effort, and if we really do want to colonize Mars, do it from a position of strength without the urgency of evacuating a dying world. Worse, if we don't fix our various problems on Earth, we will only export them to Mars. We have to reach a sustainable economy first, or we will just rapaciously devour Mars like we did Earth before it.
But that's a boring answer. It's better to just string along idiots with more $$$ than sense with a constant progression of lies and moving goalposts over with an insane, but flashy, pipe dream.
How much experience with networks on your end ? Why would latency be an issue ?
I don’t like Musk. I hate the idea of SpaceX getting into the Index.
However your comment in particular reminds me of people making fun of SpaceX and the whole concept of reusing boosters. How people were saying that SpaceX will never fly and yet it became the dominant player on the market of shipping stuff to the orbit.
I doubt orbital data enters will work. But I won’t be too surprised if a lot of today’s criticism will turn out to be flawed.
@lazycanadian9165 "...the dominant player on the market of shipping stuff to the orbit" ....and it was so financially successful in achieving this that Musk is now listing it despite saying he would never do so. Musk (being the genius that he is) has clearly had a change of heart only so that he can share the financial prosperity to the lucky lucky public market... and Musk is indeed an honourable man.
If the news wasn't so outrageous, I would scarcely believe what Mr. Boyle is saying, but here we are.
A brilliant evaluation of the SpaceX IPO with not one wasted word and some good jabs 😂
So...we might witness the AI bubble bursting as Space X contains xAI? So soon? Omg, let me order a nice champagne
I don't think the bubble will burst because X ai is not even close to the top. Also the USA government relies on space X so he probably hopes that they save his companys
No other channel manages to make me question if what I'm watching is serious or is actively trying to troll me. Good job.
Additionally, the question is if WE need all that computing or if SOME need it.
Once l understood value, I stopped working for money and started making money work for me 💬💰
Unfortunately, not all of us were financially literate early. I was 38 when I finally educated myself and started taking steps. I went from $112,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $800,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $120,000 annually) and don't owe a dime to anyone. It's a good feeling!
How did you manage to achieve that level of growth? I've been doing everything I can to improve my investments. I want to retire in a few years and need better diversification.
Wow🤯
I know her too
Mrs Mary Spinner is a remarkable individual whom has brought immense positivity and inspiration into my life.
Venturing into trading as a newbie was very difficult due to lack of experience, which resulted in losing funds. But this same Ms Mary Spinner restored hope; she's a good woman.
It's possible for SpaceX to reach that valuation so long as math, science, and reason are not part of the equation.
If you were an investor, would you really want to invest in the space exploration company that just folded a bunch of unfortunately companies into it, for obvious reasons?
It should be obvious to most people but I know more than a few guys, and they are all guys, who still think he is some kind of genius. 🤷
Genuinely I was so excited to invest in SpaceX on the merits, but those could fit on the head of a pin next to the speculative bullshit that now makes up the sum of the business.
Musk is a levitation specialist. Just look Tesla held up by smoke and mirrors.. on what might be coming.. when a quick look at China tells you who's really got the goods. Totally out! Engineered and outclassed while he's spending his time fighting culture wars...
Only Elon could convince people that a non-fully autonomous taxi is going to own the the fully autonomous market. People expect miracles and he has boxed himself in.. and better start performing them very soon
@BoxedHound That you'd even consider investing in such a dreadfully terrible business owner really says a lot about you as a person. I can only imagine the women that know you mock you behind your back.
@NeighborhoodOfBlueThat you'd judge someone let alone speak to them in such a manner certainly marks you as the better person.
Orbital data centers make no sense engineering-wise.
One switch goes bad -> deorbit the whole platform.
He just wants to pollute the moon, damaging the Earth is not enough for him.
Nope, but it makes perfect sense if you're wanting to build Skynet. After all, Skynet has to be in space!
Y'know what data centers love? 100ms ping!
What do you know, you're not on 100000mg of ketamine like our resident genius is. Get on his level before making ignorant claims
So he's going public after realizing the business had no potential of ever making a profit?
His business making a profit is inconsequential, the only thing that matters is if HE is making a profit. Or building something out of science fiction. He doesn't mind not making so much profit if he can build large, weird stuff.
"no potential" What?????
Spacex makes 3 billion in profit each year.
@CaptainTimoza "His business making a profit is inconsequential" What??? How does he make a profit if his companies don't? People are to deep into hating Elon to look at the bigger picture. Starlink will be insanely profitable, and extremely important to every ship at sea and every rural area.
@CaptainTimozaYeah. Well the company has existed for a long time. People like you make the case for AI government lol. Humans are just too jittery.
Most brutal roast of Fiji water I ever heard bro calm down lol 😂
Millionaires don't use astrology, billionaires do - JP Morgan
Morgan was a pagan. Literally.
Patrick, this video is possibly the most entertaining and cynical video you’ve ever produced. It is literally a work of the art. Please keep them coming. You are the master of this type of podcast and the best thing is it’ll all make sense to the viewer.
Endless material to pick on..)
I‘m glad that I discovered Mr. Boyle as to me he‘s obviously hard working to get into the details and based on it he makes the most intelligent commentaries with a cynical twist that has become his trade mark. To put it blunt: I‘m a fanboy!
I’d say his vid on The Line was his most cynical
The probably most important part is unfortunately hidden at the end of the video: Musk will make a shitload of money from the IPO, while index fund holders (401k or ETF or whatever) will be paying the party.
If this news goes widespread and understood by the normies, they'll exit their 401k from the qqq and spy. Going to be a massive bag if elon gets the rules changed.
Index funds take risks by having no one awake at the wheel to save a few cents, so that's on them at this point. It's the find managers that I side eye. It's literally their job to know better than to fall for BS like this with simple rules about price to earnings ratios.
Yeah, this sounded like the worst part to me too. It's unreal that the stock markets are being persuaded to change their own rules, just for this one company.
Two thing are for sure - SpaceX will not deliver and Elon will become a trillionaire.
Good thing he helped buy the current administration huh
A Lord Of The Flies scenario should be enacted as a law against these billionaires.
The „frequent explosion“ phase haha damn
The universe came from the "big bang". Musk is trying to beat it
I startled my dog by suddenly laughing out loud at this!
SpaceX is actually the only rocket manufacturer who's been doing the frequent explosion phase in 80 years.
@willmakevideo I startled my cat by suddenly laughing at your comment hahah poor babys
LOL immediately going to plummet post IPO like we work
I think that's unlikely, people like Musk too much, look at the Tesla stock price
Their profit margins are similar, but SpaceX was never intended as a ponzi scheme
Never short a cult
@tana1234that should tell you a lot about his fan base. They are a cult.
@tana1234yes its impressive how many keep loosing money shorting Tesla over the years. This IPO seems overpriced, but those predicting zero are repeating history
In India number 420 means fraud or something to do with con man
Drug addicts for me, but they generally run in the same circles ad criminals and frauds.
They call it a public offering but they mostly get sold to certain ppl
after a couple of keys of ket, I too come up with awesome ideas like this
2kg is a lot of ketamine
@JeffBezos-h9b ha. I'm glad ur not into k
For me nicotine is enough.... But I try to smoke less.
Heck, I did it as a kid just using my imagination and SciFi books.
Wild reply for a Patrick Boyle video but I completely believe you dawg
You're a public treasure Patrick, thankyou for what you do (tho I suspect you're enjoying your work as much as we do).
Didn't Musk say they were going to land a spaceship on Mars by 2026? Ahh.. didn't happen.
It started at 2020 I think.
Indeed, he also promised to land a rocket but that blew up a few times. People mocked him then too.
People didn't mock him for that what? Everyone knew that reusable rockets are possible both economically and physically. Mars 2026 is a different thing.@Zantsak
But what if Elon works with breakaway civilization and landed spaceships on Mars and soon the colony building will start. they just keep it all secret and will reveal it to general public slowly by re-conquering Moon?
There's so many empty science predictions. I recall in the early 2000s I was expected to accept that 20% of cars would be EV by 2020
“Frequent explosion phase”😂😂😂😂😂😂
I thought space was cold? Now you need cooling in space too😂
Another signficant problem with orbital data centers, not mentioned so far, is the problem with high energy radiation in space, which especially affects modern small semiconductor structures like GPUs. The only solutions are (heavy) shielding (which is prohibitively expensive to deploy) , significantly larger semiconductor structures (which makes the chips much less efficient) or a significant amount of redundancy in GPU calculations (which increases costs/value).
Engineering is widely defined as a practical, structured process of designing solutions that work within real-world constraints, rather than just chasing an idealized "best" design. It is a discipline where "practical" translates into ethical, realistic, and efficient solutions that can be manufactured and maintained.
Yeah you taking financial advice from this dork😂😂 he thinks he is an expert on rail guns, guy doesn't have a clue and should keep his mouth shut
@abhaykaushik8800 bro wtf are you even implying here ? do you think he will make it work somehow or not?
He implies a botched solution will do.
You have to remember, though, that data centres are meant to support current AI which is only stochastically right now and then. So what are a few cosmic particles changing "calculations" between friends?
Thank you Patrick. It seems brighter knowing that there are people like you around.
16:00 LOL i always love these 1 liners in patrick's videos.🤣🤣🤣
The sarcasm is sting in this one...
Well Patrick it was JP Morgan that said, "Millionaires don't use Astrologers, Billionaires do!"
“Things that JP Morgan never said” for a million dollars, Alex. Only idiots believe in astrology and JP was no idiot.
You could have been a comedian in another life. Your deadpan delivery is perfection.
The problem with intelligent people telling jokes is, the lowest common denominator dose not get it and dose not laugh. So the whole room only murmurs and those who get it and chuckle have nobody near them who they can relate to.
Are you telling me this is not the comedy channel?
He manages to be both.
Sounds like data centers are a big issue if they overheat, even in space.
"So, to run just a handful of AI chips in orbit, you need hardware that rivals the most expensive structure ever built by humanity, the International Space Station. And then you have to scale that up to the 1 million satellites mentioned in the SpaceX press release. To reach the gigawatt scale capacity Musk is talking about, you would need solar arrays and radiators measuring roughly 4 km in length."... Musk: "challenge accepted". lol. thanks for the video, this might make the IPO launch a tiny bit cheaper so I could buy in.
Thank you for the work you do Patrick. I know that reporting honestly and critically doesn't garner much respect these days, but we need more of you and fewer rich con artists.
it's speaking Truth to power and many don't have the guts.
People are dumb. Retail investors will rush to hold this bag.
You don't have to buy it, fool
@briankahl9427 If they manipulate it into the S&P you have zero choice or option as almost every index fund is mapped the the index, hence the name. Try tell Vanguard, Schwab, Ameritrade fund managers to not buy it and see what happens.
@briankahl9427 I won’t. But plenty will.
@briankahl9427You do, moreorless, via your pension plans. The scam isn't in going public (whatever), the scam is in back-dooring into S&P and Nasdaq with an absurd price tag.
Some of us will rush to short it 😮
That is the most well laid and persuasive argument not to throw away your savings. Very well said sir.
Elon was born in 1971. Consequently, he grew up in the heyday of space travel watching movies like ET and Star Wars and Star Trek among others. We're not witnessing a genius at work; we are just witnessing a billionaire trying to relive his childhood.
Musk's IPO scandal @27:00, truly an epic rugpull
Strange how the entire musk cabal is pin drop silent about the stalling automotive business!!
His rockets are also stalling quite a bit.
@MKtunes84 oop
Holy shit, that comment (28:11) about SpaceX applying to qualify as a value stock killed me from laughter. The delivery was PEAK.
hold on wasn't this the plot of TMNT?!
Lock In: Rap News Weekly Update (RNWU) is here
The rap jokes are more tired than RuPaul's tits.
We got a 6ix9ine reference, that’s a blast from the past
Your doing fabulous work Patrick Boyle. Thankyou for all your information.
The “SCANDAL” part of the thumbnail is quite dishonest though. The two most scandalous things in the video are his use of “rumors” (upon which he built the first six minutes) and using statements from 7 years ago to condemn someone in the present.
If someone doesn’t have $25 million to lose on the IPO, maybe he shouldn’t buy into that IPO. But if someone doesn’t have a spare $25 million, then he can learn in 5 minutes what this guy took 29 minutes to explain.
So maybe a person buys in with the IPO with $25 million and loses every dime. Or maybe they turn it into $40 million.
What’s it matter to anyone? I have more important things to do.
Elmo is a master of selling people a $1 bill for a $100.
And stealing from tax payers, while avoiding federal taxes.