> will pay for all of xAI's capex ($25 billion) in 2 years
This is a confusing framing; you pay down capex with profit not revenue, and there is presumably a high opex cost.
Nevertheless, you are still talking about 15B / year - when the initial investment was < 30B. That investment also probably covers things like power, salaries, etc.
So you are still covering all of that.
free cash flow pays down capex
Nevertheless, you are still talking about 15B / year - when the initial investment was < 30B. That investment also probably covers things like power, salaries, etc.
So you are still covering all of that.