Investors who participate in the IPO will essentially be financing Musk's unproven AI ambitions in order to get a piece of uh high performing commercial space and telecom firm.
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The best thing a company can do is compound capital efficiently over decades. Everything else is noise.
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The best time to buy is when there's blood in the streets. The best time to sell is when there's irrational exuberance. Most people do the opposite.
Charlie Munger — Berkshire Hathaway Annual Shareholder Meeting
Compelling answers about the big questions about AI can inform the most important economic and foreign policy decisions that will ever be made, the deployment of (at least) hundreds of billions of philanthropic dollars, and the training and governance of superintelligences.
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