
$IREN Yes! And Musk's comments are a legitimate conflict of interest. What's particularly interesting is that SpaceX isn't merely financing AI infrastructure for its own use. It's also selling computing capacity to outside customers. In fact, SpaceX's October 20 earnings-call transcript, states that Musk said the company aims to allocate roughly half its compute capacity to internal use and half to external customers. He also discussed renting that capacity at market rates. With that being said, doesn't that make Musk a participant in the very market whose competitors he's publicly warning could collapse?!