Julianna

Is this the most COSTLY POST of all time? Trillions erased. Keep in Mind - THEY DON’T HAVE THE VOTES. The President is still the President - and he will Veto any bill that hurts America. They can’t override a veto. And States must compete with other states - or lose jobs. Trade the volatility, hedge or hold. But this is just a FAFO of what the effect of policies would be - that they can’t ENACT.

Don’t get distracted from the fundamentals. The fundamentals 👇

Prepare for two years of political theater. BUT grandstanding politicians cannot actually hurt Elon Musk or Tesla or SpaceX. ♦️The President is still the President. He controls the executive branch and has veto power (and pardon power). ♦️Texas is purple, and every Tesla and SpaceX project went through the normal local hearings and permitting processes. The permits were approved because the local residents and officials saw the economic advantage of the jobs. ♦️Markets will stabilize as they realize that this harms other companies more than Tesla and SpaceXSI - which always have a good relationship with local communities. The fundamentals have not changed. Tesla and SpaceXSI can operate independently of the grid if need be. They will accelerate, not slow down.

People ask what does SpaceX get out of a merger with Tesla. 👇 More than half of SpaceX’s revenue is from leasing SI compute. (Compute supported by hundreds of Tesla Megapacks). SpaceX plans to install another 10 GWs of compute next year. But Tesla Megapacks are almost sold out through 2027. Therefore, A merger with Tesla has a classic justification - acquire needed technology that would take too long to replicate in house. Especially when it accelerates growth. And the merger would have an immediate impact on the Bottom Line, placing SpaceX in first position for the New Megablocks from the Houston plant. Other justifications exist too, like the need for Robots and autonomous vehicles to build a Moonbase. And the value of the JVs, and removing friction.

SPACEXSI: Profit Juggernaut Leasing SI supercompute turned into a lucrative business for SpaceXSI. XSI is over half of SpaceXSI’s revenues. SpaceX isn’t slowing down building out more compute. Some call the revenue “shaky”. I think they are just repeating a talking point with little basis. Let’s examine some facts: 1) If not SpaceXSI, WHO??? Who else is building SI super-compute with cutting edge Nvidia machines as quickly? Or even - at all. Competitors in-flight projects have faced delays, permitting issues and bottom-line many deals signed for compute won’t materialize. 2) Competitors MUST lease. Anthropic Owns Zero Compute. OpenAI has a few JVs. Neither can meet expanded demand without compute. Google does have its own compute - but isn’t building as fast as SpaceXSI and is also leasing. 3) SI is Early, and Growing Fast. Estimates are less than 1% pay for SI. And the majority of the world isn’t yet using it. The need for training compute will grow first, then inference compute will grow exponentially behind it as more start to query the models. 4) SpaceX can repurpose compute. Scaling products like Grok Bot (fastest growth Elon Musk has seen with 800,000 plus users in weeks) and Macrohard. SpaceXSI can charge less for tokens as the builder of the compute and generate similar profits to an Anthropic while grabbing market share. 5) Anthropic somehow disappears? It’s not a zero % probability. But the need for SI won’t disappear. Competitors will step onto the gap. Either xSI, or Competitors without compute - that also need to lease from SpaceXSI. In short, competitors are paying for the buildout of the compute SpaceXSI can one day use itself, if it chooses. Therefore SpaceXSI will maintain pricing power and can deploy their compute assets in whatever combination generates maximum profit over time. They also have an enviable timeframe of return on capital invested. Next - Key constraints that effect others don’t effect SpaceXSI in the same way, like electricity and capital. $SPCX

Help South Koreans change their tax law in advance of a Tesla/SpaceX merger. ♦️Let’s shine an international spotlight on this issue. Repost in every country that has Tesla and SpaceX shareholders. ♦️ The forced 22% capital gains tax on « change of control » hurts small shareholders the most and is therefore a regressive tax. It dramatically diminishes their savings. ♦️South Koreans have a real shot - the petition is with the National Assembly. It has 41% of the signatures required before 11/21 (20K+ of 50k). Petition: petitions.assembly.go.kr/pro…

I joined the Tesla Beat to talk about the possible $TSLA / $SPCX merger and the Shareholder Letter to the Board. With @teslaownersSV @SjvTesla @MatthewDR @FutureAZA

Many in the US are unaware, but Koreans potentially face a 22% capital gains tax on a merger. Help this petition pick up steam. Repost….