
Bill York
3.1K posts

Bill York
@wmyork
Engineering Manager, Siri at Apple
San Francisco Bay Area Katılım Nisan 2007
316 Takip Edilen304 Takipçiler

@tatumturnup The only way it could have been better is if the robot spasmed and kicked the person as he came to help.
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@mart49799 @PattyMurray Well, for one thing, that one was already arrested, tried and convicted, and owed victim’s restitution which they will now never get
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@PattyMurray How about you concentrate on the thousands of scammers stealing billions from us instead of that one.
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@sergeynazarovx Has anyone trained a model entirely and exclusively on StackOverflow content? I think we’d see much less sycophantic responses
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@SarahLongwell25 Which was bad enough. Billionaires, corporate entities and foreign nationals contributing huge sums of cash to some politician’s pet project is one working definition of bribery.
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I’m sorry, I was reliably told this was going to be privately funded.
Jamie Dupree@jamiedupree
Sen. Lindsey Graham R-SC, Sen. Katie Britt R-AL, and Sen. Eric Schmidt R-MO unveil plans to authorize $400 million to pay for a new White House ballroom.
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Bill York retweetledi

AM I TO UNDERSTAND....THAT *FEDERAL* AGENTS ....HAVE BEEN INVESTIGATING AN *INSTAGRAM* *PICTURE* OF *SEASHELLS* FOR *NINE* TO *ELEVEN* GODDAMNED MONTHS?!?
Acyn@Acyn
FBI Director Kash Patel explains how the criminal investigation into James Comey’s seashell post wasn’t a simple one: This has been a case that's been investigated over the past 9, 10, 11 months. These cases take time. Our investigators work methodically
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@CyberSolarX @gnoble79 Read the piece. That’s not what he’s upset about. He’s upset about the fantasy story that is being told to get money from retail investors to retire existing debt that Musk has already run up.
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This is the most OUTRAGEOUS deal I've seen in my 45 years on Wall Street.
SpaceX just disclosed Musk's new compensation package:
He gets up to 200 million super-voting shares if SpaceX hits a $7.5 trillion valuation, establishes a permanent human settlement of at least ONE MILLION people on Mars, and deploys roughly 100 terawatts of space-based computing power.
Let me put the 100 terawatts in perspective:
The entire electricity generation capacity of the United States is around 1.2 terawatts. The comp plan asks Musk to build more than 80x America's entire power grid... in orbit.
This is a science fiction screenplay that somehow landed in front of the SEC.
But here's why it actually matters for your portfolio...
The S-1 reportedly claims a $28.5 trillion total addressable market, with over 90 percent attributed to AI. CapeFearAdvisors flagged this one cleanly: when Palantir went public, it disclosed a $119 billion TAM and the SEC reviewed and accepted it.
SpaceX is claiming a market roughly 240x BIGGER.
Now let's talk about what is actually being sold here:
Reported 2025 revenue is approximately $15.5 billion. Starlink delivers around $11 billion of that with healthy margins, and the launch business is genuinely dominant. The problem is xAI - the AI piece doing all the heavy lifting in the trillion-dollar valuation pitch.
xAI generated just $210 million of revenue in the first 3 quarters of 2025 while burning through $9.5 billion in cash.
Ben Brey and Rupert Mitchell - a former Fidelity portfolio manager and a former head of equity capital markets at Goldman and Citi between them - ran a serious discounted cash flow on the actual operating businesses and arrived at roughly $400 billion. Lawrence Fossi covered their work recently and the math holds up.
The IPO is being marketed at $1.75 TRILLION.
The gap between what these businesses support and what Musk is asking the public to pay is roughly $1.35 trillion of pure narrative.
Then layer on what we just learned last week...
The New York Times investigation revealed Musk personally borrowed $500 million from SpaceX between 2018 and 2020 at rates as low as 1%, while bank prime rates sat around 5%. The same SpaceX has been used to bail out SolarCity, prop up Tesla during cash crunches, and absorb xAI when the AI losses became unmanageable.
This is the same playbook he's run for two decades.
Use a privately controlled entity as a personal piggy bank, and when the bills come due, find new investors to absorb the losses.
The IPO is structured to keep that game going FOREVER.
The Texas reincorporation strips away Delaware's fiduciary protections. Controlled-company status on the Nasdaq eliminates independent board requirements. And retail is being offered up to 30% of the offering (3x the normal allocation) because the institutions who actually do the math are quietly stepping away.
Here is the part that finishes the case for me:
Roughly $40 billion of the IPO proceeds are already spoken for before a single dollar reaches operations. About $23 billion retires SpaceX debt. Another $17 billion retires the high-interest debt sitting on xAI and X.
This raise is not funding the future. It's just plugging existing holes that retail investors will now own.
In my 45 years I've never seen a deal where the comp hurdle is colonizing another planet.
I've never seen a disclosed TAM that exceeds verified comparables by two orders of magnitude.
I've never seen a company asking the public to fund the retirement of debt incurred by separate private entities controlled by the same individual.
Every red flag I've watched precede a major bust over four decades is sitting in this prospectus, in plain sight.
The Tesla mispricing is being repeated on a far larger scale.
And this time the bag is being handed directly to retail.
Don't be the one holding it.
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This is incredible. The comparison with the Interstate highway system seems the most eye-opening to me
Fin Moorhouse@finmoorhouse
The hyperscalers have already outspent the most famous US megaprojects
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@scottlincicome The man lived his life in fear of unknown unknowns
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@BrianFaughnan @scottlincicome The only thing worse than having to calculate your own taxes without any confidence would be being an arrogant asshole who plunged the US into a war that killed thousands with a false confidence that you knew what you were doing.
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@scottlincicome The only thing worse than having to calculate your own taxes without any confidence you're accurate would be trusting the IRS to send you an accurate invoice.
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@ItsJakePerry @__nmca__ I suggest you read “The Jigsaw Man” by Larry Niven immediately. From 1967!
scribd.com/document/50312…
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@__nmca__ Lots of people won't be getting organ transplants anymore either. Have to keep suddenly killing young healthy people to get those donor hearts.
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@AmoneyResists I genuinely can't believe I'm going to live to possibly see the potential start of ww3
All because Trump didn't want to be outed as a child rapist
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@LarryJones How, exactly, is he fighting for *our* country? Joe is he helping *our* people?
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@ScottJenningsKY Do you not see the wide-open opportunities for influence-buying through “private” funding of a leader’s pet project? You might as well argue that straight-up bribery doesn’t matter because it doesn’t involve public funds
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@PLeg66 @judytgolf Do you not see the wide-open opportunities for influence-buying through “private” funding of a leader’s pet project? You might as well argue that straight-up bribery doesn’t matter because it doesn’t involve public funds
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@judytgolf If it is private money why would some liberal attorney file a lawsuit. Fucking snowflakes.
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@TheAlexJacob @LeadingReport Do you not see the wide-open opportunities for influence-buying through “private” funding of a leader’s pet project? You might as well argue that straight-up bribery doesn’t matter because it doesn’t involve public funds
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@LeadingReport So the President can’t construct a ballroom at the Presidents residence?
Until Congress, whom resides in the capital building, authorizes what exactly?
There’s no taxpayer money involved with the project….
This is just another “Orange man bad” Judge and that’s that
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