AI is a money-furnace, and AI hustlers are clearly on the hunt for a way to force all of us to feed every dime we've got to it. Elon Musk's (now scuttled) gambit to make every pension saver in America bail out Grok (and Twitter, but at a mere $44b, the losses from Twitter are dwarfed by the titanic losses from Grok) was the most ambitious and shameless population-scale bag-holder scheme, but it's not the only one:
https://www.reuters.com/business/finance/sp-global-keeps-fast-entry-proposal-unchanged-spacex-listing-looms-2026-06-04/
11/
Cory Doctorow
npub1fd…jlvhs
2026-06-06 18:06:20 UTC
in reply to nevent1q…7zfk
Author Public Key
npub1fdrpydz4n2dpgpy5xhsa6rjg8ytggn82mt0addw6sf93272nhhnqsjlvhsSeen on
wss://relay.momostr.pinkPublished at
2026-06-06 18:06:20 UTCEvent JSON
{
"id": "efda7deee6ad0c8d44c690840d7a5556b64ae4b136bf168c3de206ae698a43f6",
"pubkey": "4b461234559a9a14049435e1dd0e483916844ceadadfd6b5da824b157953bde6",
"created_at": 1780769180,
"kind": 1,
"tags": [
[
"e",
"3a6910eab36b68501b9afad0fe8b51eb0db003b287a7157413bacebcc4822cd5",
"",
"reply",
"4b461234559a9a14049435e1dd0e483916844ceadadfd6b5da824b157953bde6"
],
[
"e",
"e29edccb17cd42e6a9f1122df188b0bcd9472044645048fe52a7705fa62bba84",
"",
"root",
"4b461234559a9a14049435e1dd0e483916844ceadadfd6b5da824b157953bde6"
],
[
"p",
"4b461234559a9a14049435e1dd0e483916844ceadadfd6b5da824b157953bde6"
],
[
"proxy",
"https://mamot.fr/@pluralistic/116704489027386760",
"web"
],
[
"content-warning",
"Long thread/11"
],
[
"proxy",
"https://mamot.fr/users/pluralistic/statuses/116704489027386760",
"activitypub"
],
[
"L",
"pink.momostr"
],
[
"l",
"pink.momostr.activitypub:https://mamot.fr/users/pluralistic/statuses/116704489027386760",
"pink.momostr"
],
[
"-"
]
],
"content": "AI is a money-furnace, and AI hustlers are clearly on the hunt for a way to force all of us to feed every dime we've got to it. Elon Musk's (now scuttled) gambit to make every pension saver in America bail out Grok (and Twitter, but at a mere $44b, the losses from Twitter are dwarfed by the titanic losses from Grok) was the most ambitious and shameless population-scale bag-holder scheme, but it's not the only one:\n\nhttps://www.reuters.com/business/finance/sp-global-keeps-fast-entry-proposal-unchanged-spacex-listing-looms-2026-06-04/\n\n11/",
"sig": "5a9a79d66d6dcd1001f837845396f58722490be647cebf61698ab535e96d48ff74ac675330df44e42a7d8a4dfbf2a0701b3fa152e287e75314e181586988ee48"
}