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TWiT 1089: Robot Butt Crack - Anthropic Banned, But Winning
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SpaceX IPO, Tesla Merger Speculation & Elon's Funny Money Empire
At 29:14 · chapter starts 27:20
The conversation pivots to SpaceX's recent IPO and what Elon Musk's empire of companies actually means. Owen Thomas explains that SpaceX's $60 billion acquisition of AI coding startup Cursor was partly paid in SpaceX stock — and that SpaceX shareholders actually paid less as a percentage as the stock rose. The New York Times reports that Musk's next move may be merging SpaceX and Tesla, driven by Tesla's chip manufacturing ambitions in Austin. Iain Thomson has read the SpaceX S-1 and delivers the line of the segment: it 'makes WeWork look optimistic.' The discussion covers why Musk moved his companies to Texas — Delaware courts had already struck down his trillion-dollar pay package — and the impracticality of the Mars colony central to SpaceX's pitch, citing Kelly and Zach's book 'A City on Mars.'
Elon Musk predicts SpaceX will generate $1 trillion in annual revenue by 2030 and build a million-person Mars colony. Iain Thomson read the S-1 and says it makes WeWork's prospectus look conservative. Born on Mars? You'd need an exoskeleton to walk on Earth.
SpaceX acquired AI coding company Cursor for $60 billion, partly paid in SpaceX stock, to restock AI engineering talent as key founders depart.
