Musk just exposed his $2 trillion scam

Added: 2026-06-01

[00:00:00]So Elon Musk apparently is in one of his kholes as he's revealing some very telling things regarding his upcoming IPO. So what's going on? Check out this headline here. It says Elon Musk tweet undermines, right? So he's undercutting himself here. Undermines SpaceX claims about anthropic data center deal. And basically what it was is Elon Musk's company is absolutely bleeding cash. I remember SpaceX merged with uh XAI which also merged with TwitterX and so rolling these companies into one and they're losing a bunch of money basically and one of the things that they were actually getting money was revealed like hey we got this great contract with Anthropic they're giving us you know billions etc but then Musk is saying though it's it may not be that great uh this is actually must tweet right here we'll take a look at it so first it says this is from John Tinsman says SpaceX potential compute business Okay, XAI spent 3 to four billion on Colossus one.

[00:00:56]That's like a big data center thing. Uh they are leasing it out for 45 billion of three years to Anthropic. So $45 billion is nothing to sneeze at, right?

[00:01:05]Over three years. It's real money.

[00:01:07]Here's the thing. This is actually Elon Mus replying to said tweet. And Mus says SpaceX Space X has not committed to leasing Colossus for years. So, the first one's like telling you guys they're going to have this revenue stream for three years, which is pretty relevant. And then Musk is like, "Well, maybe not necessarily, although it's possible that may be that that may be what happens." Uh, this is aund day 180day lease with 90-day notice, mutual cancellation thereafter. The short term was our request, not anthropic. we won't leave them hanging and will provide reasonable off-ramp but if compute gets super tight I said we might need uh need it back at some point because the thing is here is Musk is partnering I guess you could say there has to deal with anthropic which is their direct competitor which is strange in in and of itself but yes if you if you need the money you got to take money from whoever even if it's your competitor so the whole thing is kind of strange here and so like how would you do this if you're Musk and I'd like to hear your guys point of view is from a business perspective. Okay, hey, you know, we're bleeding cash, we need money. Let's take money from our competitor. And the report is we got three years of money.

[00:02:21]And then they're saying, well, if we need it for ourselves, we'll cut it off.

[00:02:25]But then it's like you're cutting off your revenue stream, right? That's keeping your company afloat and saying now we only have 180 days. Like how are investors going to read this? This is what makes the IPO so interesting. And also, this is supposed to be a uh basically quiet period where you don't really tweet out this kind of stuff.

[00:02:44]Okay, so there's that. Um I'll show you this is actually a lawyer and a expert on this kind of stuff over at Harvard. It says here, John Coats, a former acting director of the SEC corporate finance division, right? So, someone who really knows this stuff and now a professor at Harvard Law School said it was unlikely that SEC regulators would mind must social media posts during a quiet period. Right? So, seriously, you're not supposed to be tweeting out, but this is the world that we're in right now. Here's a quote here.

[00:03:12]The agency quote shows no apparent interest in enforcing quiet periods, gun jumping, or any long-standing rules that have helped keep pump and dump schemes out of US capital markets. So I I I'm sure he's choosing his words perfectly, right? This is a again Harvard professor and person used to work at SEC. So you know, is he implying that Elon Musing is a pump and dump? I imply it's a bump and dump. I totally think it is because when you look at the stuff that Musa says all the time and kind of the numbers that they're going for, hey, we're going to be worth 1.8 trillion before it's two trillion. And I guess what they're doing right now is they're kind of like getting a feel for the market of how much they can scam people. It's basically that's basically what it is.

[00:03:54]And a lot of this is is they're going to try to have to um scam retail investors.

[00:03:58]Uh because yeah, sure, I'll be frank with you guys. Um the bubble can keep up growing as long as you keep people buying into it. It's the greater fool theory. Uh you're a fool for buying this thing. Um but if you can find a bigger fool, right, a greater fool to sell it to. Wow, fantastic. But ultimately, you end up running out of fools and you end up running out of money. And so it's kind of like musical chairs as well. you know, as long as the music plays and you got a chair, but uh you run out of chairs at some point, right? And the music stops. Uh this is also going on then I guess SpaceX is grounded. SpaceX Starship rockets are grounded pending investigation after test flight because of course it is. Essentially Elon Musk stuff doesn't um work as advertised. You guys know this. Now this is in this space though to be fair. Um you know space science isn't hard um isn't uh isn't easy I should say. It's hard. uh you know, you're talking about blasting off stuff and I and I honestly I got no problem if people want to want to do these kind of things, but the issues really become is when we're subsidizing this stuff and we're not regulating it properly and basically, you know, your eye tax dollars are going to Elon Musk essentially what it boils down to. Um I want you to listen to this. This is a kind of an idea of like how Trump runs his administration and contracts >> from the New York Times about the cost of President Trump's reflecting pool renovations. The Times, citing internal government records, says the the company, given a no- bid contract to repair the pool, is being paid an inflated and excessive profit margin, far exceeding the norm. Their bid added at least $850,000 to what a more typical contract may have cost, and the administration eventually agreed to pay the company $13.1 million, 7 times more than what the president initially estimated. Meanwhile, this is how the president defended the spending during a cabinet meeting today.

[00:05:45]It always leaked and it was a problem and a lot of things and hundreds of millions was spent. The Biden administration and the Obama administration spent hundreds of millions of dollars trying to get it to work and they failed. And we'll be spending, you'll give me a number, but I think it's a very low number.

[00:06:04]>> Earlier I spoke with New York Times investigative reporter David Farenthold who broke the story.

[00:06:10]So, can you just walk us through what you found about the profit margins for this no bid contract?

[00:06:15]>> Well, what we found was that this contractor is charging the government 20% overhead and then another 20% for profit. And what we found was that the National Park Service itself, the people who are paying the bill, did their own analysis and found that both of those were inflated. Both of those were excessive. That the normal profit margin is like 6 to 12% usually. And so despite >> 20% for overhead and 20% >> more for and both of those are above norms. Uh park service paid it anyway though.

[00:06:41]>> So if you get people like Elon Musk in this example was the Trumpy reflecting pool thing. But this is how Trump runs his whole administration. Essentially you buy political favor you get these no bid contracts and then you charge taxpayers up the wazoo. That's basically what it is. And it's important to to to call this stuff out. Uh anyone who is has any sort of intellect or critical thinking whatsoever can easily spot musk as a fraud. It's it's obvious to anyone.

[00:07:08]Um the thing is though, this is just the reality. There are some people out there who are smart enough to see these a fraud, but just keep perpetuating it because they essentially play up the scam. They're in on the scam. I guess I guess you you could say it the same way that anyone around Donald Trump can easily see that that Trump's a It's obvious to anyone. And you can even see when people around him like when Trump says like just completely whaled out stuff and people around him are kind of like trying to can I say um keep a straight face when they know it's a you know a scam. Do you guys you know what I'm trying to say here? It's just it's sad because the sad thing is that people actually fall for this stuff and um this isn't going to end well. I'll I'll just put it that way. Uh Dell is in on this thing also I guess. Um they're getting these Pentagon contracts. Uh wow fantastic data centers up the wazoo.

[00:07:55]This is where our money is going to and they'll pump up GDP numbers and stuff like that, but regular people are hurting right now, right? We just talked about before a lot of people in the USA now have food insecurity. Uh so essentially the Elon Musk, the Trumps, they want to cut food and stuff like that. But hey, we got we got more data centers. That's great. And then you got stuff like this. Uh Jeff Bezos is in on this because this this is where the money's at. I guess we're building moon bases and rockets and stuff like that.

[00:08:20]Uh Bezos says all personnel are accounted for and safe. It's too early to know the root cause, but we're already working to find it. Very rough day, but we'll rebuild whatever needs rebuilding. Get back to flying. It's worth it. And so, this is a video here.

[00:08:37]So, I guess this is their Blue Origin rocket thing. Um, didn't work. You can see right there. And blows up basically, right? And I understand this stuff is tough. I guess I like I said, I I'm not against space science per se, but I don't necessarily want these, you know, no big contracts or putting our faith in people, you know, like this, right? If you guys get what I'm what I'm going for here because, you know, like for example, say at NASA, you get people who are buddy buddies with Elon Musk or whatever. And again, it's this is big money here talking about contracts. And I understand if you watch Fox News, they get you focused on basically, you know, street level climb. Oh, you know, look at this person who stole a candy bar.

[00:09:17]Oh, we should sick the police on the candy bar person, right? No, seriously, they they they focus on that kind of stuff. Or look at this person who was speeding and look at this car chase. You know, the issue is is like if you focus on that and you ignore the billions and trillions of dollar scam, you're the one who's being played, right? It's it's that's that's what the Donald Trump people do. It's it's it's all it's all it's all it's all misdirection, you know? And you know when you do the you do the three ball thing and you have a couple people involved. One is the shill, right? Oh yeah, I won. I won. I won. Other person is the enforcer. And someone in our community told us like was sharing like how that how that certainly thing works. But it's just like that. This is then um the NASA admin Jerry Isaacman. He says NASA is aware of the anomaly anomaly whatever that ends up being. We'll see that occurred tonight at the launch complex 36 involving Blue Origin's New Glenn rocket at Cape Canaveral Space Force Station. Space flight is unforgiving and developing a new heavy lift launch capability is extremely extraordinarily difficult. We will work with our partners to support a thorough investigation of this anomaly, assess nearterm mission impacts, and get back to launching rockets. will provide information on any impact impacts to the Aremis and Moonbase programs as it becomes available. So again, they're all vying for projects to build bases on the moon while people are basically don't have enough food in in USA. Fantastic.

[00:10:43]Uh but yeah, that's where all the money is right now is in AI and rockets and such. And so these people are are chasing after that. Anthropic eclipses open AI with valuation of 965 billion.

[00:10:55]So, right, almost a trill there. And then you got stuff like this, which is actually pretty interesting. Um, this is from the Wall Street Journal and they're basically talking about how uh in the beginning of this AI stuff, companies were experimenting with giving their employees access to it. And essentially, you know, uh we'll pay for the scription and it'll be as much as you can use. But it turns out to be really really expensive. And essentially, companies are deciding like how much are we willing to spay a pay and how much productivity do we get from from workers, right? And I think ultimately, and this is sort of where it kicks into um Elon Musk, Grandthropic or you know any of these types of companies is they're going to have to have a variety of plans that make sense for people because ultimately if you do say the unlimited plan just for example or however these things work because you have a certain amount of compute that you you can use uh you know will will employees be using this too much to where it costs anthropic and you know OpenAI or Elon Musk companies too much money to run. side. So they have to mandate from their side like how how can we still be profitable and then allocate uh compute, how much do we charge and how much are are companies willing to pay for said things and how much productivity are they going to get? And that's essentially what this ends up being is they were talking about here how ultimately companies are probably going to figure out a way to like okay we can't spend a limited amount of money on on our employees to use said stuff.

[00:12:16]Yes, we're going to fire people. We'll we'll try to cut costs that way but you know how are the numbers going to work?

[00:12:22]And you know, the argument against it would be it's just just get a human. It would be better, right? And and there's different, you know, points of view on this stuff. I'm just sharing you guys the the the concepts that we're talking about today. Um, but you know, the main problem is though at the moment, and I'm all for innovation. I have to repeat that over and over again. Sometimes people who are Elon Mus buddies and fans and, you know, fluffers say, "Oh, Chris, you just hate technology and you hate, you know, innovation." It's like, actually, I really like it. I just don't necessarily want Elon Mus doing it because it's because he can't trust anything that he says. And it's not just Musk. It's that class. Tesla robo taxi fleet in Texas less than onetenth the size of Whimo. Uh so basically they don't have that many cars. Uh it says here like they got registered 42 cars and Whimo's got like 400. And remember that Elon Musk told you that uh these things were going to be all over the place. Everyone in America will have them, you know, by the end of the year, by end of next year, whatever. like he's he's always given these grandiose projections, but the reality is it's just not that many and it doesn't work as advertised. And this represents this right here, this right here, right here, represents sort of where we are in in this space. And essentially Musk has to keep the Grifter going, right? Uh before the the wheels fall off, like literally fall off um before people run out of money basically. And you know, my opinion is we're going to see the top of the the bubble, the absolute, you know, peak uh with Trump's UFC fight at the White House. It's like mid June and Elon Mus IPO SpaceX again mid June, same time. And I think it'll go down to history of like, man, that was a crazy bubble. What were people thinking? So that's my thoughts on this. I'd like to hear yours and I'll catch you on the next