Post

@dekoding.bsky.social

(1/2) What the heck is wrong with the people buying SpaceX stock again? Haven't they learned their lesson? Today's earnings announcement said they earned $7.8 billion in revenue. It exceeded analysts' expectations and sounds like a lot until you realize xAI lost $15.8 billion.

4/8/26, 10:25 pm0 reposts3 likes

Damon Kaswell

@dekoding.bsky.social

4 Aug

(2/2) Stop investing in them! Their whole goal is to leave you holding the bag for their unprofitable AI business! Serving up LLMs is a very efficient way to set money on fire, and that's all it will ever be. SpaceX, Anthropic, OpenAI... Not ONE of them has a realistic chance at profitability.

TobEy 🍕

@ornottobey.bsky.social

4 Aug

Doesn't help that its probably in a few funds as well by now, no? I have no idea about all this finance stuff, but if its part of any ETFs, you can't really opt out easily Yeah and the AI bros love Elon obviously 🫠

Damon Kaswell

@dekoding.bsky.social

5 Aug

Yup. Very frustrating. We're watching the economy do exactly what it did with NFTs, crypto, the housing bubble, Enron... It's like we never freaking *learn*!

TobEy 🍕

@ornottobey.bsky.social

5 Aug

No this time it is not a bubble for sure! We just have to push more money into it and then we will all become rich for sure 😌 At least i cant lose my job, once the bubble pops, because i already did a few weeks ago lmao 🙏