Alphabet, which owns 6.11% with a permanent board seat, of SpaceX joins the IPO fraud with a fake deal for $920m/month of Xai datacenter rentals (www.cnbc.com)
from humanspiral@lemmy.ca to technology@lemmy.ml on 05 Jun 22:08
https://lemmy.ca/post/65978679

Nevermind that colosus 2 of xAI was supposed to serve Grok, or expected (paying $60b for) Cursor composer models, and they are renting out capacity instead of using it…

Google has massive out clauses for following through on this BS deal. They are slightly overpaying, but in off chance that GB200 rental market is strong in 2027, they have the option of following through if they can resell capacity, though have full cancellation rights.

Google can dump 100% of their SpaceX shares prior to cancellation date. They also have 63% gradual dump rights ahead of most other locked up SpaceX investors.

SpaceX merger with xAI was based on lie of economic viability of space datacenters and terrafab, and IPO expands on the fraud, with so much of financial industry invested in the fraud.

#technology