It's clear that the AI hype is a bubble.
SpaceX, Anthropic, OpenAI are blackholes, absorving credit, money, energy, water, jobs, peoples patience and etc. They aren't by any means profitable.
Everyone knows these new IPO's are exit liquidity, the leaders of these ventures know it and they know we know, even the biggest enthusiast knows something is off.
There is literally no way on Earth (pun intended) SpaceX can justify is gargantuan evaluation,
especially when consolidated businesses like Wall-Mart have the same evaluation, but real results (compare the 18 billion revenue of SpaceX with Walmart >700 billion).
Therefore a big correction maybe coming soon, we don't know, perhaps tommorow we get an answer. Is it possible to hedge against such a scenario, to prevent a corrosion of wealth ?