Bill Gates and his Foundation have a bad rep long before his Epstein link came into the news.
Who better to collude with a known child trafficker/molester, than one who has no qualms in killing children via illegal vaccines/drugs to help his nexus with Big Pharma.
Bill & Melinda Gates' Foundation's evil illegal "vaccine trials" on tribal children (especially girls) in India (without the consent of them and their parents) directly caused the deaths of several children, hospitalizations of scores of such innocent victims, and it was a huge conspiracy and controversy that was uncovered during investigations by Supreme Court and police.
The Gates Foundation operates like a monopolistic unethical pharmaceutical company (as a weapon and Think Tank of Big Pharma) under the guise of a charitable NGO or grantmaker.
The merger was most likely now because they have to do it before the IPO. After the IPO, there’s a whole process to force independent evaluation and negotiation between two boards / executives, which would be an absolute dumpster fire where Musk controls both.
A public SpaceX will still be run by Musk. A public SpaceX would have to sell assets like X for a huge loss given its debt load, which would also take a propaganda machine out of Musk’s hands.
How was that move legal anyway? Like... a lot of people and governments gave Musk money to develop, build and launch rockets. And now he's using it to bail out his failing social media network and CSAM peddling AI service.
Money comes with strings, such as when forming an ongoing relationship with a company you expect them to not merge with other companies you are actively prosecuting. I suspect the deal is going so fast to avoid some sort of veto being prepared. Once SpaceX and xAI are officially the same, you lose the ability to inflict meaningful penalties on xAI without penalizing yourself as an active business partner with SpaceX.
Was it a grant or a purchase? If I buy a pizza from the pizza shop, it costs them $10 to make, I pay $11, the $1 is profit and the owner can do what he wants with it. But if I get a grant from NLnet I have to spend it on what the grant proposal says. Though a lot of NLnet grants are for living costs while doing a project, so I can do what I like for that time if the project gets done.
Quite a few do care about the potential for job losses. On the other hand, a lot of people want cheap cars.
This dichotomy has always been in place for a huge range of specifics, both for imports and technology that makes workers less relevant. The "we want cheap stuff" argument is the one that has done best historically, though the track record of handling this badly also led to the invention of actual literal communism.
Tesla customers make great targets to sell Tesla solar. And Solar city customers make great targets of Tesla power banks. Though they should be selling old heavy Tesla batteries for stationary power storage.
Americans are absolutely not a fan of this administration and it will be severely neutered after the midterms. The Supreme Court is already doing some of that.
Americans are not your enemy, Washington (state), California, Illinois, etc (AKA the states with real economic power and all the tech companies) did not vote for this. We still believe in the rule of law and our friendships with our allies.
Wouldn’t that be for the same kinds of reasons things like purple dyes were valuable: rare to find, hard to harvest, hard to transmogrify (insect/sea life guts into clothing dye, gold into chains or other wearables), hard to break, which all culminates into a quick visual indication of wealth.
Now? Gold is a great conductor of electricity (of course silver is better) and some people still like wearing lots of flashy jewelry.
I have no earthly clue why people find it valuable to invest in other than it’s like bitcoin: it’s valuable because everyone else also thinks it’s valuable.
Never once have I read a quarterly progress report from the CEO of the element “gold” outlining profit strategies for the next year.
> I have no earthly clue why people find it valuable to invest in other than it’s like bitcoin: it’s valuable because everyone else also thinks it’s valuable.
Unlike bitcoin there is a price “floor” because of its use in jewelry and industry. Even if no one hoarded it, it would still have some value.
Just because it doesn’t generate a yield doesn’t mean it doesn’t have value. Fresh drinking water is incredibly valuable and will be more so as its supply dwindles.
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