Elon Musk is stealing your retirement. — Writing (opens in new tab)

I need to talk about SpaceX’s IPO, the shaky foundations it’s built on, the fraud it’s being used to commit, and the consequences for you and your grandparents. Two cases to make: the engineering can’t be built on schedule, and the economics double-counts itself. Let me start with “orbital data centers,” a piece of their S-1 filing, alongside Anthropic’s recent announcements. Critics usually attack orbital data centers on launch physics. That’s the weakest argument. The energy to lift a data cen...