The ESA even famously poo-poo'd the idea, exactly like you guys are doing here.
Sure, and SpaceX is going to cure cancer and let us all live forever for free. The fact that they once did something that somebody somewhere thought they couldn't do doesn't mean they can automatically do anything. Note that SpaceX themselves say they don't really have any idea whether datacentres in space will work.
unlike you and apparently most others on slashdot, I'm not going to try to stop it,
I didn't say anything about stopping it. There are good arguments for proceeding carefully though. A million satellites in one of our most valuable orbits comes with a bunch of problems.
Besides, I'm not seeing the argument for fraud, which is what GP asserted
I didn't reply to the OP, I replied to you:
If that was the intent, it wouldn't really work due to Elon himself having more downside exposure than anybody,
Elon doesn't have any downside. He's never going to sell his shares unless he absolutely has to. He wants to go to Mars, which means SpaceX wants to go to Mars. SpaceX made $75 billion dollars off the IPO, possibly at quite an inflated price. He also gets his Twitter investors off his back as they can now cash out their formerly underwater shares at a significant gain.
Whether any of it is fraud or not is for lawyers to figure out. Every company is going to hype their stock before an IPO. SpaceX says, buried deep in the prospectus, that they really have no idea whether datacentres in space are going to work or not, and they have a few very compelling reasons to push highly speculative, AI-related ideas even if they don't think they're going to work.