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Trump's company announces withdrawal from cryptocurrency and other sectors
Trump is ruthless; Trump Media & Technology Group reported a net loss of $238 million in Q2, with losses expanding more than tenfold year-over-year
After issuing so many tokens and raising hundreds of millions, the company suffered huge Q2 losses due to the decline in the value of its Bitcoin holdings
In the future, the company will focus on Truth API, selling Trump account updates to institutions. Currently, more than 10 clients have signed contracts, priced at about $60,000–$100,000 per month per client
Why does Musk want to make chips? Because he said that currently, the global chip production capacity only meets 2% of Tesla and SpaceX's demand.
TSMC, Samsung, and Micron's expansion speeds are far below Musk's expectations, so he decided to build the largest chip factory in history.
Elon Musk's chip factory is named Terafab, planned to cover 100 million square feet, larger than the Pentagon, Apple headquarters, and Giga Texas combined.
The initial investment is $16.8 billion, with a potential long-term investment of $119 billion. The goal is an annual production capacity of 1 terawatt of computing power, about twice the current total chip production capacity of the entire United States.
This is not just about building a chip factory for himself; it’s about making the light source for the lithography machines as well.
Currently, advanced process chips worldwide must use ASML's EUV lithography machines, each costing over a billion dollars, with global queues and tight supply expected to continue for a long time.
The traditional EUV light source scheme uses 50,000 laser shots per second to hit tin droplets, evaporating tin into plasma that emits extreme ultraviolet light. It’s mature but has a power ceiling, and tin contaminates the optical system. Each machine has one set of light sources.
Musk wants to use the FEL scheme, which is completely different: a particle accelerator accelerates electrons close to the speed of light, passing through a magnet array to directly generate extreme ultraviolet light. It has higher power, cleaner light, no tin contamination, and one central light source can supply the entire factory simultaneously.
0xkevin00
A few days ago, I said Elon Musk was going to sell the Tesla Shanghai factory, and the comment section said it was all debunked.
That's because you don't understand Musk; his denials are even more genuine than confirmations 😂
In-depth analysis: Why Tesla Shanghai won't be sold, and why Musk can't achieve a closed loop from chips to satellites, from ground to space?
On August 6, SpaceX and Tesla jointly announced the construction of a super chip factory. One of these companies has US defense contracts, and the other is a giant with 45% of global production based in Shanghai.
A military aerospace company that completely excludes Chinese factors is going to deeply bind with an automaker that owns the largest single factory in China. The security reviews between the two countries can delay or kill the project.
There are also three actions that are more sincere than words:
First, restricting Chinese employees' access to global data.
According to multiple media reports, Tesla may be separating the office systems of China and the US businesses, restricting Chinese employees from directly accessing business data and systems in other regions.
Second, initiating supply chain relocation; SpaceX is completely excluding Chinese factors from its global supply chain.
Third, Tesla invested $2 billion to purchase SpaceX shares.
In March this year, Tesla spent $2 billion to buy SpaceX shares. Although the stake is less than 1%, the significance of this transaction lies not in the shareholding ratio but in the upgrade from business cooperation to capital connection between the two companies.
So these two companies are not only deeply cooperating in business but may even merge in the future. Musk's response to the merger question was that it is not suitable to discuss on a conference call and must follow proper procedures. This is not a denial; it is not a denial.
The Shanghai factory is too important, which is why it is even more dangerous.
In the first half of 2026, the Shanghai factory will deliver nearly 468,000 vehicles, accounting for more than 54% of global production. Such an important asset, how could Tesla possibly give it up?
But on the other hand, precisely because the Shanghai factory is so important and deeply connected to the Chinese supply chain, it becomes more sensitive in the context of Tesla and SpaceX integration.
The larger the Shanghai factory, the higher the future cost of separation, and the "institutional distance" that must be maintained between it and sensitive businesses like SpaceX must also be greater.
Musk's chip empire blueprint is clear and grand: use Terafab to achieve high-end chip self-supply, use SpaceX's military orders and Starlink network to build space AI infrastructure, and use Tesla's autonomous driving and robots to consume computing power. This is a closed loop from chips to satellites, from ground to space.
But this closed loop has one premise: it must pass US national security review.
A few days ago, I said Elon Musk was going to sell the Tesla Shanghai factory, and the comment section said it was all debunked.
That's because you don't understand Musk; his denials are even more genuine than confirmations 😂
In-depth analysis: Why Tesla Shanghai won't be sold, and why Musk can't achieve a closed loop from chips to satellites, from ground to space?
On August 6, SpaceX and Tesla jointly announced the construction of a super chip factory. One of these companies has US defense contracts, and the other is a giant with 45% of global production based in Shanghai.
A military aerospace company that completely excludes Chinese factors is going to deeply bind with an automaker that owns the largest single factory in China. The security reviews between the two countries can delay or kill the project.
There are also three actions that are more sincere than words:
First, restricting Chinese employees' access to global data.
According to multiple media reports, Tesla may be separating the office systems of China and the US businesses, restricting Chinese employees from directly accessing business data and systems in other regions.
Second, initiating supply chain relocation; SpaceX is completely excluding Chinese factors from its global supply chain.
Third, Tesla invested $2 billion to purchase SpaceX shares.
In March this year, Tesla spent $2 billion to buy SpaceX shares. Although the stake is less than 1%, the significance of this transaction lies not in the shareholding ratio but in the upgrade from business cooperation to capital connection between the two companies.
So these two companies are not only deeply cooperating in business but may even merge in the future. Musk's response to the merger question was that it is not suitable to discuss on a conference call and must follow proper procedures. This is not a denial; it is not a denial.
The Shanghai factory is too important, which is why it is even more dangerous.
In the first half of 2026, the Shanghai factory will deliver nearly 468,000 vehicles, accounting for more than 54% of global production. Such an important asset, how could Tesla possibly give it up?
But on the other hand, precisely because the Shanghai factory is so important and deeply connected to the Chinese supply chain, it becomes more sensitive in the context of Tesla and SpaceX integration.
The larger the Shanghai factory, the higher the future cost of separation, and the "institutional distance" that must be maintained between it and sensitive businesses like SpaceX must also be greater.
Musk's chip empire blueprint is clear and grand: use Terafab to achieve high-end chip self-supply, use SpaceX's military orders and Starlink network to build space AI infrastructure, and use Tesla's autonomous driving and robots to consume computing power. This is a closed loop from chips to satellites, from ground to space.
But this closed loop has one premise: it must pass US national security review.
0xkevin00
Is Musk just painting a big picture? This would scare the shorts to death 😁
Silicon Valley investor David believes that SpaceX's Starlink could become a standalone trillion-dollar company. Starlink's annual revenue is expected to reach $40 billion, with annual free cash flow possibly hitting $30 billion.
Musk responded: "Far more than that."
He believes AI and robotics will drive a surge in global bandwidth demand. Starlink could capture over 25% market share outside China in the future, corresponding to annual revenue exceeding $500 billion, and in the long term, it might even carry more than 50% of global internet traffic, with revenue surpassing $1 trillion
The biggest regret about Yushu Technology going public is DJI.
In 2018, when Yushu Technology was valued at 60 million yuan, DJI bought 17% of the shares, becoming the largest external shareholder at the time.
Unfortunately, they withdrew their investment the following year. Based on the current valuation, 10 million yuan could have earned 3.7 billion yuan, a 370x return.
DJI is known as the Huangpu Military Academy of hard technology, and Yushu's founder Wang Xingxing started Yushu after leaving DJI.
Ye Junde was born in Hong Kong and moved to Canada in his childhood.
In 2013, he bought Bitcoin for 60 USD and later founded a venture capital firm, claiming to manage assets exceeding 2.4 billion USD.
On August 7, he was found dead under a luxury apartment building in Paraguay, having fallen from the 30th floor, discovered completely naked.
Ye Junde was very extravagant; the events he hosted often featured hundreds of models accompanying him, and he even handed out boxes of cash to developers on site.
On the other hand, from 2021 to 2024, Ye Junde was deeply involved in 7 projects, most of whose tokens went to zero, which might be one of the reasons leading to his fatal misfortune.
0xkevin00
Well-known crypto investor Ye Junde fell to his death from a luxury apartment in Paraguay.
The police have not yet concluded whether it was murder or suicide. I judge the probability of murder to be higher because all the altcoins Ye Junde was involved in have gone to zero, while his private life was extremely lavish.
As an investor, he often organized developer events. Once, 200 programmers arrived at the venue, and people expected a hackathon to start, but Ye Junde flew in 500 models from Dubai, turning the scene into a silver party...
At another event, he rented out the entire famous Miami nightclub E11EVEN, offering free drinks and beautiful companions, then continuously brought in boxes of cash to distribute directly to the developers present.
During the ETH Dubai conference, he organized a signature yacht party featuring striptease performances, Dubai-style luxury decorations, and burlesque shows.
These programmers once thought all crypto hackathons were like this, until they attended other conferences...
The extravagant lifestyle came from the projects he was deeply involved in, all of which without exception went to zero.
TOMB, the core project he took control of, dropped 99.9%.
TSHARE, Tomb’s governance token, dropped 99.98%.
LIF3, a project he personally founded and seed invested in, dropped 99.8%.
LSHARE, LIF3’s ecosystem token, dropped 99.8%.
ZooCoin, a cooperative ecosystem project with a peak TVL of $30 million, dropped 99.8%.
L3USD, his "stablecoin," designed to peg to $1, now completely illiquid and unable to hold the $1 peg.
The only one still alive is Fantom (now renamed Sonic), where he was an early investor; its highest price was $3.46 and now around $0.5, down 85%. This is already the best performer, and this project was not created by him.
Ye Junde flaunted private jets, superyachts, and top global hotels on Instagram. He even sponsored F1 driver Pierre Gasly for the 2021 season, putting Quantum Fintech Group’s name on Formula 1.
Tokens went to zero, investors lost everything, yet he lived an extremely lavish life. Do you think the probability of suicide is high, or is murder more likely~
Well-known crypto investor Ye Junde fell to his death from a luxury apartment in Paraguay.
The police have not yet concluded whether it was murder or suicide. I judge the probability of murder to be higher because all the altcoins Ye Junde was involved in have gone to zero, while his private life was extremely lavish.
As an investor, he often organized developer events. Once, 200 programmers arrived at the venue, and people expected a hackathon to start, but Ye Junde flew in 500 models from Dubai, turning the scene into a silver party...
At another event, he rented out the entire famous Miami nightclub E11EVEN, offering free drinks and beautiful companions, then continuously brought in boxes of cash to distribute directly to the developers present.
During the ETH Dubai conference, he organized a signature yacht party featuring striptease performances, Dubai-style luxury decorations, and burlesque shows.
These programmers once thought all crypto hackathons were like this, until they attended other conferences...
The extravagant lifestyle came from the projects he was deeply involved in, all of which without exception went to zero.
TOMB, the core project he took control of, dropped 99.9%.
TSHARE, Tomb’s governance token, dropped 99.98%.
LIF3, a project he personally founded and seed invested in, dropped 99.8%.
LSHARE, LIF3’s ecosystem token, dropped 99.8%.
ZooCoin, a cooperative ecosystem project with a peak TVL of $30 million, dropped 99.8%.
L3USD, his "stablecoin," designed to peg to $1, now completely illiquid and unable to hold the $1 peg.
The only one still alive is Fantom (now renamed Sonic), where he was an early investor; its highest price was $3.46 and now around $0.5, down 85%. This is already the best performer, and this project was not created by him.
Ye Junde flaunted private jets, superyachts, and top global hotels on Instagram. He even sponsored F1 driver Pierre Gasly for the 2021 season, putting Quantum Fintech Group’s name on Formula 1.
Tokens went to zero, investors lost everything, yet he lived an extremely lavish life. Do you think the probability of suicide is high, or is murder more likely~
As expected, there is no free lunch in the world. Today, Dead Doubao announced that recommended hotels will charge a 12% commission.
Doubao's daily computing power cost of tens of millions forces Doubao to launch a paid professional version, but users are not buying it.
So the blow has to be aimed at the B-end. In March this year, a whole GEO industry chain was exposed, where merchants paid service providers to feed AI data and manipulate Doubao.
Now Doubao removes the middlemen, and in the future, paid users will be able to get recommendations 😁
Brothers holding US stocks need to be cautious; a once-in-a-century indicator has appeared.
The Shiller CAPE ratio, designed by Nobel Prize-winning economist Robert Shiller, divides the current price of the S&P 500 by the average inflation-adjusted earnings over the past ten years. It is recognized on Wall Street as one of the most sober valuation indicators.
In 150 years, it has only appeared twice before, last time in 1999 and now.
Normally, its mean is about 17. Exceeding 24 is already a rare overheated zone, and historically, every time it has stayed above this level for a long period. Now it is 41.
If the S&P 500 continues to rise, this will be the first time since the 1990s internet bubble that it has delivered double-digit returns for four consecutive years.
In other words, investors are paying more than $40 for every $1 earned by the S&P 500 over the past decade, a 135% premium over the historical average. What you are buying is not today's profits, but faith in the future.
Tech giants are burning money at an unprecedented pace to build AI infrastructure. If returns materialize, 41.4 might be digestible. If commercialization is slower than expected, it could replicate the 1999 internet bubble.
