Elon Musk's xAI raising $10B at $200B valuation
cnbc.com
4 threads
This is increasingly bearish and this is 1999 levels of mania.
We are once again closer for another crash which will be caused by this frothiness and this crash will be instant; wiping trillions in a day.
200 billion is like half of SpaceX's valuation for scale. This is insane.
Be honest, who really uses that Grok thing?
Bubble go Pump, Pump, Pump