Isn't XAi's valuation paired with X and SpaceX?

Silicon Valley valuation numbers are entirely made up to boost their IPO. Actual value is only determined after these companies go public.

Allbirds, the shoe brand, went public at $4bn in 2021 and sold its assets last week for $39 million.

> Neil Saunders, the managing director of the consultancy and market analysis firm GlobalData said: “Allbirds has gone from being a high flyer to a dead parrot.” He said its early success “was driven by Silicon Valley hype, more than deep popularity with consumers in the American hinterland”.

[0] https://www.theguardian.com/business/2026/apr/02/eco-shoe-br...