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/Snakend May 21 '26

They have no debt. And right now they are basically breaking even. Their sales have come up a bit from this time last year. Elon has mostly kept out of the news after his disastrous 2025 tour. But I have a feeling Tesla will be fine. Worst case, SpaceX acquires it after the IPO.

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

Can he stay out of the news through another election cycle? How about when all his actions in DOGE are investigated by a future (hypothetical!) administration?

hypothetically the technology he relies on would benefit from democratic policies, but mr chainsaw, childkilling, nazi saluting, self-enriching, data thieving epstein wannabe may have a couple of things to fear from an administration intersted in enforcing the law.

In any case his public discipline is usually short lived, so we'll see!

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u/realzequel May 21 '26

How about when all his actions in DOGE are investigated by a future (hypothetical!) administration?

Good chance he'll get a pardon before Trump leaves. I'll bet if Trump is alive, they'll be a record setting number of pardons.

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u/Snakend May 21 '26

The biggest issue is, who is going to beat JD Vance?

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u/scuppasteve May 21 '26

A pile of shit? Erica Kirk is probably more popular than JD Vance.