They might be confusing X, which is a subsidiary of SpaceX. The IPO was just a vehicle to pay off X’s debt.
> The IPO was just a vehicle to pay off X’s debt.
... and to offload a ton of bad luck onto retail bagholders.
Once the AI bubble pops, SPCX will collapse, but everyone in on the game will have gotten much more thanks to selling their stock than they'd ever put in in either SpaceX or Twitter.
alt Hacker News
> The IPO was just a vehicle to pay off X’s debt.
... and to offload a ton of bad luck onto retail bagholders.
Once the AI bubble pops, SPCX will collapse, but everyone in on the game will have gotten much more thanks to selling their stock than they'd ever put in in either SpaceX or Twitter.