As a result of the SpaceX IPO scam, into which, by the way, they even stuffed Twitter -- the company raised $85 billion through share sales and $25 billion through a bond placement right after the IPO.
$110 billion in cash entered the company.
For perspective, the main financial AI bubble in the form of Oracle raised $48 billion this year.
In addition:
Nvidia and Microsoft, +$25 billion in debt each.
Meta, +$52 billion in debt.
Anthropic, +$30 billion.
And ChatGPT alone, +$122 billion.
The seemingly eternal beef between Musk and Altman, after the latter screwed Elon over, has ended with the Elon's return to the game.
Musk managed to raise, on a fairly weak set of products, the same financing as the most hyped project of the generation, the one that literally became synonymous with personal AI.
All of this was obvious, all of this was transparent. I think a significant portion of retail investors understood this was gambling, but in fairness many managed to make money on it too. All the IPO flippers are in the green. Some even 2x'd.
Now there's money to develop a loss-making business and no need to worry about the share price.
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1July 26, 2026 169
