Come for the politics, stay for the snark.

It’s easy to sit in safety and prescribe what other people should be doing.

Radicalized white males who support Trump are pitching a tent in the abyss.

The world has changed, and neither one recognizes it.

I see no possible difficulties whatsoever with this fool-proof plan.

This is dead girl, live boy, a goat, two wetsuits and a dildo territory.  oh, and pink furry handcuffs.

A sufficient plurality of insane, greedy people can tank any democratic system ever devised, apparently.

Oh FFS you might as well trust a 6-year-old with a flamethrower.

“They all knew.”

The line between political reporting and fan fiction continues to blur.

Authoritarian republicans are opposed to freedom for the rest of us.

White supremacy is terrorism.

The willow is too close to the house.

Republicans do not pay their debts.

SCOTUS: It’s not “bribery” unless it comes from the Bribery region of France. Otherwise, it’s merely “sparkling malfeasance”.

If America since Jan 2025 hasn’t broken your heart, you haven’t loved her enough.

Michigan is a great lesson for Dems everywhere: when you have power…use it!

“Loving your country does not mean lying about its history.”

Democracy is not a spectator sport.

This fight is for everything.

“Perhaps I should have considered other options.” (head-desk)

You’re just a puppy masquerading as an old coot.

The desire to stay informed is directly at odds with the need to not be constantly enraged.

The republican caucus is covering themselves with something, and it is not glory.

Their freedom requires your slavery.

You are here: Home / Archives for Elon Musk

Open Thread: Elon’s Proposed IPO Looking Ever More Shifty

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Elon shoving all his failed shit into the SpaceX ahead of the IPO: X The Everything App, the Mechahitler CSAM Generator, and now tens of thousands of unsellable Cybertrucks
Wall Street figures a bag of shit this big must be worth nearly $2 trillion

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— e.w. niedermeyer (@niedermeyer.online) April 16, 2026 at 5:39 PM

There’s been talk about this across various automotive-related media, but when Bloomberg decides to highlight the latest Tesla thimblerigging, well…

Sales of Tesla Inc.’s Cybertruck have been propped up in recent months by Elon Musk’s other companies, an unusual arrangement that further indicates the polarizing pickup is failing to appeal to everyday buyers.

SpaceX, the Musk-led rocket and satellite maker, accounted for 1,279 — or more than 18% — of the 7,071 Cybertrucks registered in the US during the fourth quarter, according to registration data that S&P Global Mobility provided to Bloomberg News. The billionaire’s other ventures acquired another 60 vehicles during those months.

That means almost one in every five Cybertrucks registered during the period were delivered from one part of Musk’s sprawling business empire to another. And the purchases, likely exceeding $100 million in value, have continued into this year.

The figures reinforce the extent to which consumer demand is faltering only two years after Tesla began delivering the electric pickup. Without those sales to other Musk-run companies — which included xAI, Boring Co. and Neuralink, in addition to SpaceX — Cybertruck registrations in the fourth quarter would have fallen 51%…

Investors have largely overlooked Tesla’s declining auto sales as Musk reorients the company around futuristic pursuits including robotaxis and humanoid robots. But those products are still a ways off from becoming tangible business lines, and shareholders’ patience appears to be wearing thin. Since hitting a record high in mid-December, Tesla’s stock has lost a fifth of its value…

It’s not entirely clear what Musk’s other companies are doing with the Cybertrucks, or why an artificial intelligence and social media company would acquire 50 of them…

I mean, I don’t claim to understand high finance, but when the media prospectus for SpaceX’s IPO universally read like advertising for the latest pet rock FunkoPop Labubu drop (Everybody is buying these, because *everybody* is buying these! Also: automatic trading bots!!)… well, I’ve read a certain amount about the Wall Street Crash of 1929…

THIS. IS. BAGNAROK.

— e.w. niedermeyer (@niedermeyer.online) April 16, 2026 at 5:42 PM

Blind box IPO

— Fnord Borgly (@borgly.bsky.social) April 16, 2026 at 5:54 PM

…They bough 1 CT per 10 SpX employees in one quarter?!… What, they're sending them straight to the same scrapyard that deals with all the Starship prototypes?!

— Raging Spirit (@ragingspirit.bsky.social) April 16, 2026 at 8:14 PM

Nasdaq is cheating its customers by allowing SpaceX to be fully listed on the exchange while the number of available shares is low. THIS IS NOT NORMAL. The small number of shares means the value can be easily inflated while listing forces the index funds to buy in at that inflated value.

— bcwbcw.bsky.social (@bcwbcw.bsky.social) April 16, 2026 at 5:50 PM

The big index funds like Fidelity should refuse to add stocks to their indexes that do not follow the standard IPO rules.

— bcwbcw.bsky.social (@bcwbcw.bsky.social) April 16, 2026 at 5:51 PM

If people were still clinging to any notion that financial markets were based in reality, they should be thoroughly disabused of it by now

— basal wrathbone (@groboudo.bsky.social) April 16, 2026 at 11:18 PM

(A lot of you seem to be in High Dudgeon mode, so here’s a space for you to tell me how I’m Doing It Rong.)

Open Thread: Elon’s Proposed IPO Looking Ever More ShiftyPost + Comments (24)

Open Thread: Elon Musk’s Bagnarok

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Subscribe the SpaceX IPO

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— Mr Market Miscalculates 🇪🇺🇺🇦🏴‍☠️ (@mrmarketmis.bsky.social) April 12, 2026 at 4:04 PM

SpaceX posted nearly $5 billion loss in 2025, The Information reports reut.rs/4miyWL8

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— Reuters (@reuters.com) April 10, 2026 at 2:05 AM

Probably this is wishcasting on my part, but Musk staging his World’s Biggest IPO Ever just as everything is about to fall apart would be a very satisfying sort of tragicomedy…

How the math works on a $1.75 trillion SpaceX valuation reut.rs/4ty4mQ7

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— Reuters (@reuters.com) April 8, 2026 at 9:01 AM

Spoiler: it doesn’t, without considerable thimblerigging. Per the Irish Times, “SpaceX IPO shows how Wall Street bends to Musk”:

“Those are my principles, and if you don’t like them … well, I have others,” Groucho Marx famously quipped. SpaceX, in advance of its planned June initial public offering (IPO), is proving the point, with banks and index providers alike bending to Elon Musk’s will…

One might expect little different from bankers eager to get a piece of what may become the largest IPO in history, but the rule adjustments being made by index providers is unprecedented, bending long-standing norms to accommodate a single company.

Nasdaq has approved a fast entry for supersized listings, allowing SpaceX to join the Nasdaq-100 15 days after listing, far shorter than the usual three months. S&P Dow Jones is reportedly considering letting SpaceX join the S&P 500 immediately, bypassing the usual 12-month public trading rule, while FTSE cut its wait to five days.

A track record as a public company aids price discovery by giving markets time to settle on a fair price. In contrast, early index inclusion will create predictable, forced demand from passive funds.

Early price inflation mainly benefits the issuer – in this case, SpaceX – allowing it to sell more shares at a higher price. Index investors risk losing out, being forced to buy high.

It seems the market is not setting the terms of the IPO; the IPO is setting the terms of the market.

From what I can tell, SpaceX is valuable because of Starlink — which is entirely dependent on huge government contracts. Government contracts, according to many business reporters, deeply dependent on Republican control of the U.S. government. Funny how that works!

Pay no attention to the sweaty grifter behind the curtain…

strange signs and portents, as BAGNAROK approaches

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— e.w. niedermeyer (@niedermeyer.online) April 12, 2026 at 7:51 PM

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Open Thread: Elon Musk’s BagnarokPost + Comments (57)

Open Thread: Small Sparks Ignite Mighty Fires

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I think we don’t talk enough about the importance of Tesla Takedown. It was the first widespread resistance to the Trump regime, it left Elon Musk toxic to the general public, & it destroyed one of the foundations of his wealth.

— Dana Houle (@danahoule.bsky.social) April 11, 2026 at 9:35 PM

A little reminder, if needed…

I started going every Saturday to the one here in Portland after first seeing @niedermeyer.online post about it & this got me out of the deep deep funk I’d been in since the morning of the election. Saying it was lifesaving seems a bit much but it was close to that

— Mr. Chimpanzy (@cyanescens.bsky.social) April 12, 2026 at 12:15 AM

Even if it had no impact on Musk, it was worth it for making resistance visible, viable, and fun. Additional effects on Musk, DOGE, Democrats etc are all downstream of a social movement in visible spots all over the country just as elites all gave up.

— Scott L Greer (@scottlgreer.bsky.social) April 11, 2026 at 9:38 PM

Right. It was months before the first No Kings rally. That it took some of Musk’s political strength & stopped his momentum was an important bonus.

— Dana Houle (@danahoule.bsky.social) April 11, 2026 at 9:39 PM

Tesla's stock still doesn't seem very destroyed. Its value has no connection to the real world.

— Keith Ivey (@kcivey.bsky.social) April 11, 2026 at 9:45 PM

It destroyed the car brand & his ability to get tax money by selling EV’s. His stock value may be unchanged because the markets are increasingly stupid, esp as it pertains to him. But I can’t imagine it hasn’t hurt his cash flow, or ability to operate in consumer goods or services.

— Dana Houle (@danahoule.bsky.social) April 11, 2026 at 9:48 PM

Indeed, in retrospect it proved to be a harbinger. The fact that Pam Bondi and other administration officials were shrieking about making vandalism against Teslas some kind of capital offense was a tell—they were worried about it, too.

— pandaphil (@pandaphil.bsky.social) April 11, 2026 at 11:34 PM

Be realistic here. Resistance is good.
But Elmo is still the richest person in the world.

— Julie Hotard Ph.D., writer, effects of disinfo on social systems (@upine.bsky.social) April 12, 2026 at 12:01 AM

Whether he’s the richest in the world matters less than that he may be less willing to put huge amounts of money in elections, that it’s a liability for candidates to be associated with him, & he became too unpopular to keep his influence over Trump & continue manipulating the executive agencies

— Dana Houle (@danahoule.bsky.social) April 12, 2026 at 12:05 AM

Open Thread: Small Sparks Ignite Mighty FiresPost + Comments (48)

Late Night Open Thread: Murphy The Trickster God Pricks Up His Ears

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Oh man, the audiobook version of the Maye Musk autobiography is sure to be a quantum leap in Geneva busting torture technologies. I'd rather have the car battery to the scrotum

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— Rude Law Dog (@esghound.com) April 3, 2026 at 10:37 PM

BAGNAROCK proceeds apace

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— GOLIKEHELLMACHINE (@golikehellmachine.com) April 3, 2026 at 1:55 PM

Gift link:

It’s not uncommon for large companies doing big deals to make demands of their bankers and lawyers.

But Elon Musk has made a particularly bold demand of his Wall Street advisers ahead of the initial public offering of his company SpaceX.

Mr. Musk is requiring banks, law firms, auditors and other advisers working on the I.P.O. to buy subscriptions to Grok, his artificial intelligence chatbot, which is part of SpaceX, according to four people with knowledge of the matter, who were not authorized to speak publicly about confidential discussions.

Some of the banks have agreed to spend tens of millions on the chatbot, and they have already started integrating Grok into their I.T. systems, three of the people said…

For almost any major initial public offering, banks find ways to ingratiate themselves with the company going public, as well as its chief executive. But after several years with few significant public offerings coming to market, Wall Street has been salivating for a deal like SpaceX, which is forecast to be one of the largest in history.

The I.P.O. is expected to raise more than $50 billion at a valuation above $1 trillion, which means the banks could generate fees in excess of $500 million for advising on the deal…

The banks’ purchases of Grok subscriptions were not merely good-will gestures, according to three people with knowledge of the arrangements. Mr. Musk insisted that they purchase the chatbot services. He has also asked the banks to advertise on X, his social media site, which is also owned by SpaceX, but was less adamant about that request, according to two of those people.

For now, five banks are expected to work on the offering — Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley. The law firms Gibson Dunn and Davis Polk are also advising on the deal…

If Musk’s newest no-pig-in-an-overpriced-poke initial public offering turns out to be anywhere near as disasterous as the Musk haterz are happy to predict, his mother’s newest book release might just be as special as her firstborn son!

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Late Night Open Thread: Murphy The Trickster God Pricks Up His EarsPost + Comments (168)

Cold Grey Dawn Open Thread: To the Moon!… With *Catapults!*

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NUDE ELON MUSK: The invisible clothes I'm wearing are a product of xAthleisure, which will roll out self-dressing outfits within two years at the latest
THE CREDULOUS PRESS: Fully Clothed Tesla Innovator Does It Again

— alexis simpson (@amutepiggy.bsky.social) February 12, 2026 at 2:10 PM

Can we have Elon test it out personally?

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— Patrick Chovanec (@prchovanec.bsky.social) February 12, 2026 at 2:41 PM

Cold Grey Dawn Open Thread: <em>To the Moon!</em>... With *Catapults!*

… According to new reporting from the New York Times, Musk told employees at xAI — his AI company recently acquired by SpaceX — that it needs to construct a factory on the Moon to churn out AI satellites. And to launch the satellites into space, he says, it needs to build an enormous electromagnetic catapult.

Sci-fi readers already know where this is going: Musk is thinking about building a mass driver, which is essentially a coilgun for launching payloads instead of deadly projectiles. Paired with the lunar facility, Musk views it as a necessary step in building out computing power for his AI empire, which must not be bound by the finitude of terrestrial real estate…

The Moon may sound like a logical destination for a space company, but it actually represents an incredible about-face for Musk and SpaceX. Musk has spent years denigrating lunar missions, viewing them as a waste of time and a “distraction” from his ultimate goal of sending humans to Mars. His mantra has always been to “make life multiplanetary,” and “extend consciousness to the stars.” He has frequently provided optimistic timelines for achieving this, including promising in 2017 that the company’s first Mars mission would launch in 2022, and its first astronauts would arrive by 2025. He has consistently reiterated this mission, and presented SpaceX employees with a roadmap to reaching the Red Planet…

Gizmodo isn’t Serious Media, so they can afford more honest headlines — “‘We’ll Find the Remnants of Ancient Alien Civilizations’: Read Musk’s Gibberish Rant from His xAI All-Hands Meeting”:

At the risk of stating the obvious, Elon Musk doesn’t always make sense when he talks. But at a recent all-hands meeting at xAI that was posted in full online, he made less sense than usual. This isn’t investment advice, but anyone considering buying stock in the SpaceX/xAI conglomerate expected to make an initial public offering later this year might want to give some real thought to how the founder and CEO is sounding lately.

xAI has seen a rash of high-level resignations recently. Many of the company’s 11 original cofounders have left, and one of these resignations, Tony Wu’s, happened just yesterday…

A tech founder sent me an explanation of a meeting with Elon and asked for advice on what to do next. Here's how I replied, so everyone can benefit.

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— Dustin Moskovitz (@moskov.goodventures.org) February 13, 2026 at 10:58 AM

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Cold Grey Dawn Open Thread: <em>To the Moon!</em>… With *Catapults!*Post + Comments (92)

Late Night Open Thread: EEEEElon — Jenkins!

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'Space is the Place' (Sun Ra)
‘The race is on’: will Elon Musk be the first to put a data centre in space? – giftarticle.ft.com/giftarticle/… via @FT

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— Monika Dommann (@modomodo.bsky.social) February 10, 2026 at 7:11 AM

Media: “But he has so much money, we have to believe him!… “

(Elon Musk: “At least I have chicken!“)

… The tech billionaire, who aims to launch an initial public offering for the newly combined company this year, argues that vast fleets of satellites powered by solar energy and cooled by the vacuum of space will become the cheapest way to generate AI computing power. Musk believes this will happen within the next three years.

Satellite executives, investors and researchers said that Musk’s timeline for putting data centres in space is highly ambitious. But many agree that the underlying idea is increasingly plausible, as long as launch costs continue to fall and demand for AI compute keeps surging…

The idea of generating computing power in space dates back to a 1941 Isaac Asimov story, Reason, which depicts a network of orbital space stations generating solar energy that is beamed back to Earth.

The 21st-century twist is to use that solar power to fuel AI chips, shuttling the data back to Earth using satellite networks such as SpaceX’s Starlink.

Huge fleets of thousands of satellites, networked together and held in a “sun synchronous” low Earth orbit, could respond to users’ AI queries at a speed not too different to today’s terrestrial chatbots, advocates say.

“Mark my words: in 36 months, probably closer to 30 months, the most economically compelling place to put AI will be space,” Musk told Stripe’s Cheeky Pint podcast last week…

But the economics hinge on several unproven assumptions. First, that the price of launching large constellations of satellites will fall dramatically. Second, that chips such as Nvidia’s graphics processing units, the workhorses of terrestrial AI data centres today, can be shielded from radiation and cooled in the vacuum of space. Crucially, the concept assumes that advances in AI will continue to demand ever-greater computing power…

This would have been a good point for someone to have asked, is that really how things work? Or is vacuum in fact an excellent insulator? www.ft.com/content/a5cf…

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— JW Mason (@jwmason.bsky.social) February 10, 2026 at 8:24 AM

I mean, if Musk announced his plan to begin ranching frogs since the average frog weighs 50% more than a cow, you'd think that someone at the FT might pause before putting "frogs, which on average weigh 50% more than cows" in a news story.

— JW Mason (@jwmason.bsky.social) February 10, 2026 at 8:25 AM

Tesla isn't going to build EVs, it's going to build humanoid robots.
SpaceX isn't going to Mars, it's going to the Moon.
X was going to be where you did all your banking. Forget we ever said that.
This is what bullshit looks like when it starts to unravel.

— Patrick Chovanec (@prchovanec.bsky.social) February 9, 2026 at 10:55 AM

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Late Night Open Thread: <em>EEEEElon — Jenkins!</em>Post + Comments (95)

Open Thread: Elon Musk, Up With the Rocket, Down With the Stick?

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SpaceX shifts focus from something that it will never do on Mars to something it will never do on the Moon.

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— Missing The Point (@missingthept.bsky.social) February 8, 2026 at 10:32 PM

BREAKING: “in my 24th year of my quest to settle the planet Mars, I have just been informed of a basic fact of celestial mechanics.”

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— Jim Henley Music (@jimhenleymusic.bsky.social) February 9, 2026 at 5:31 AM

Maybe Musk’s latest round of thimblerigging — I mean, consolidation — will turn out to be the marker for the business community giving up on him? I realize that a trillion dollars can buy many, many years of immunity, but… a woman can dream…

This is one of things. Bigtime.

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— Matt Novak (@paleofuture.bsky.social) February 9, 2026 at 4:23 PM

This is because Blue Origin got a chance at a backup contract after it was clear SpaceX was shitting the bed, and NASA has been signaling they're about to cut the Cybertruck of the Stars out of the moon program and now the company is scrambling to make up for 6 years of passed deadlines and fuckups

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— Rude Law Dog (@esghound.com) February 6, 2026 at 6:52 PM

Watching Eric Berger (historically a Musk fanboy) struggle with the revelation that Musk is a fake engineer conman white supremacist never loses its entertainment value

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— Karl Bode (@karlbode.com) February 9, 2026 at 10:31 AM

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Open Thread: Elon Musk, Up With the Rocket, Down With the Stick?Post + Comments (102)