Musk is now a trillionaire. Hip, hip hooray! The megalomaniac can call himself the richest man ever thanks to this AI boom that is leaving not just individuals, but stock exchanges scratching their heads as to how a company can be worth $1.77 trillion without generating any profit. S&P 500 says it will be at least a year before it lists Space X, as it has no means of assessing its viability on the market. No matter, SpaceX stocks jumped 20 percent on the big day, sending Elon over the top, as he owns 42% of the stock in this company.
The S&P decision is a big deal as it means our retirement plans won't go toward funding SpaceX for at least a year. Americans have more money tied up in this index than any other index through retirement plans, and if Congress gets its way, Social Security will get tied into it as well. Republicans want to make the roughly $2.5 trillion in asset reserves available to the market, as the fund is being rapidly depleted under the Trump administration to cover the enormous debts this administration is piling up. That means when this AI bubble bursts, which it will, it could be everyone's retirement funds that blow up with it.
Only S&P is sticking to its rules. All the other indexes plan to fast-track SpaceX despite its lack of profitability. The company rose to be a titan purely on the heavy stake Elon is making in AI. He wants to outstrip his competitors, notably OpenAI, which he tried to sue for $150 billion, claiming it had unjustly shifted to a "for-profit structure" when it accepted funding from Microsoft. He lost the suit, but presses on anyway because he wants to crush his competitors and make Grok the only AI monster on this planet, feeding off everything like Godzilla.
Musk was once positively viewed as Tony Stark, the fictional man who used his massive wealth to create Iron Man to fight global villains and eventually bring the whole Marvel band of superheroes under his banner SHEILD to keep the villainous world from threatening American shores. Now, Elon is being compared to the supervillains as there appears to be only one purpose for all this money - to establish a Musk legion on Mars.
He's been on a "breeding spree" for years now, soliciting women to have his babies on X as if he has some kind of special genetic code that would withstand the demands of deep space and allow him and his progeny to go where no man has gone before. As absurd as that sounds, I actually think he believes it. If nothing else he will try to use AI to create "superhumans," fusing humans with artificial technology to create the supreme race, one that can rule the cosmos.
Trump was never more than a means for him to gain access to the deepest reaches of the Internet and everything else the War Department had to offer. He finds himself going up against other supervillains like Peter Theil, who sold his Palintir technologies to the military, which is being used to locate targets in Iran - "speeding up the kill chain," as one writer put it.
We as the human race are becoming increasingly expendable. Who needs 8 billion mouths to feed when you can run the world effectively through AI and a relative handful of operatives. Eventually you won't need humans at all. All this AI will be transferred to robots, which are a more effective way of conquering space anyway.
Yet, we see very few alarm bells being sounded. Instead, we hear the Dow Jones market bell ringing a 1200-point jump over the last two days to peak above 51,000 again. Big money investors love the idea of a world without people. One where they too can record huge gains and become trillionaires like Elon. No one else is that close yet, but given time Larry Ellison, Mark Zuckerberg and Sergei Brin will join the exclusive four-comma club.
It's revolting, to say the least, but this is the society we have become after two decades of living in a virtual reality world of social media and computer games, unable to see anything outside these artificial constructs. All the scientists warned us against this decades ago, but here we are in a Brave New World where nothing appears as it really is, certainly not Elon Musk's enormous wealth.
All I can say is go fuck yourself, Elon!
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