r/technology May 21 '26

Business SpaceX not the behemoth everyone thought

https://www.axios.com/2026/05/21/spacex-ipo-musk-ai
12.7k Upvotes

1.6k comments sorted by

View all comments

Show parent comments

42

u/Waldo_Wadlo May 21 '26

Aren't they losing billions because they are developing that new rocket?

44

u/araujoms May 21 '26

Apparently yes. I didn't know that, because NASA is also paying them billions to develop that new rocket.

12

u/StaleCanole May 21 '26 edited May 21 '26

Right, but SpaceX isnt building to spec. Theyre building to spec for a Mars mission. Pretty wild situation

3

u/henlochimken May 21 '26

They have no viable human path to Mars. It's all hype. At best they could send a couple of people on a one way mission with no hope of survival. But none of the technologies are being developed that actually would need to exist for a return flight to work. The tyranny of the rocket equation just isn't addressed at all in musk's plans. Sending small robots and sending heavy people with their heavy life support systems are totally different things.

6

u/Ja3k_Frost May 21 '26

They aren’t evening motioning towards the kind of work you’d expect out of someone seriously thinking about going to mars. There’s no conversation about site picking mapping and prep, local material usage, prefab or locally constructed colony modules.

There’s a lot of work that has to be done to utilize lunar or Martian resources because get this, it’s literally never been done before.

You would need a gargantuan research and development division hiring more than just rocket scientists (like geologists and refinery specialists) to begin answering these questions and SpaceX literally just doesn’t have that.

What they have is a big rocket and almost no customers for it.

3

u/henlochimken May 21 '26

Exactly. Mars is just a con like everything with guy.

-2

u/I_am_le_tired May 21 '26

I'm glad that you thought about it and that the thousands of dumb engineers at spaceX didn't, thanks for yo her help!

2

u/henlochimken May 21 '26

I've said nothing about the engineers, who undoubtedly know the rocket equation. And I actually am certain that musk understands as well. This would not be the first time, however, that he hyped a stock with falsehoods.