Market cap hit 2.1 trillion despite a 4.9 billion net loss in 2025
Q1 2026 filings show an accelerating 4.3 billion quarterly loss
The 112x price to sales ratio makes tech giants look like value stocks
Starlink provides 69 percent of revenue but funds the xAI furnace
The AI segment burned 2.5 billion in Q1 alone
Acquiring xAI added massive paper value without adding a cent of profit
Capex hit 10.1 billion in Q1 with 7.7 billion going straight to AI
This is not investing it is high stakes gambling on a personality
Lockup expiration is the only math that matters for early insiders