SpaceX takes on xAI cash burn after merger

Dear to kick things off. >> Hey Kelly. So for the Silicon Valley crowd, VCs and founders, the vertical integration story that Musk sold in that letter, it's an easy one to buy.You bundle rockets, satellites, data, compute, AI models. You got a closed loop system that no one else can touch. This is the Musk playbook.Control the stack, move faster than regulators. Worry about economics later. However, for the Wall Street crowd, this is more complicated.In an IPO, which is still expected this year, Musk is no ...