May. 24 at 4:52 PM
$TSLA
SpaceX has pre-pledged
$62.8 billion, 78% of the expected proceeds from it's Pump and Dump Ponzi IPO, for payments to third parties. Almost exactly one-third each will go to Valor Equity Partners, a major early investor, Musk’s X Corp. and xAI creditors holders for repayment of debt, and Echostar for the “Spectrum Acquisition Closing.” That leaves less than
$18 billion to devote towards growing SpaceX, principally by financing the promised explosion in AI compute capacity. Keep in mind that the AI area devoured more than amount just in the past five quarters.
