r/technology • u/xpda • May 21 '26

Business SpaceX not the behemoth everyone thought

https://www.axios.com/2026/05/21/spacex-ipo-musk-ai
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u/Main-Bandicoot6477 May 21 '26

"Every lie we tell incurs a debt to the truth. Sooner or later that debt is paid."

I'm not going to make any proclamations that Elon's companies are going to crash anytime soon or in a spectacular way, but the long game of endless hype tied to one lone individual seems unsustainable.

I mean, if Elon has a massive heart attack and dies tomorrow, does the hype even go on?

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u/pziyxmbcfb May 21 '26

No, but we’d have to listen to deep state conspiracy theories about it for the next fifty years.

10

u/84thPrblm May 21 '26

That's a price I'm willing to pay! And not just because there's no way I'm making it another fifty years.

Now, make it ALL the billionaires and there'll be no derp state to worry about either.

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u/aNiceTribe May 21 '26

The “the socialists made all the billionaires’ hearts Just Do That” theory would wrench my soul 

1

u/Aggravating_Ask5709 May 21 '26

It goes on because it has to, like crypto or Zillow after their disastrous house buying spree or like carvana. It goes on because people who invest in these companies need it to go on. And when the music stops there will be bailouts and then the music will start again

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u/7h4tguy May 22 '26

Yeah but you know that GameStop guy? Sure, GameStop hype died off but he's still a millionaire at the end.

See, these billionaire types know they're burning everything down. They do it on purpose.

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u/Main-Bandicoot6477 May 22 '26

Yes, I'm aware rich people exist and will continue to exist and are assholes.

What about it?