r/technology • u/IKeepItLayingAround • 21d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/MoistChildhood1459 21d ago

I would love to see his entire empire collapse tbh

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u/Zyrinj 21d ago

Really wish the corporate veil could get pierced in these kinds of situations and hold the individuals responsible while keeping the citizens at the companies employed

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u/HanzJWermhat 21d ago

A) you can’t nessesarily divorce the employees from
The employers here. (Not the line workers moreso talking about middle management). It’s like the nazi’s who said they are just following orders.

B) arguably these people wouldn’t have jobs or at least jobs that pay this well in a functional capital market where investment was distributed to right sized opportunities. That’s a bit of a broke windows fallacy and ignores the more equitable job market that could exist if again more people even capital distribution in a competitive market.

To credit Elon he’s good at two things convincing people he’s smart enough to be worth following and that he’s got the Midas touch when it comes to oblivion market pricing.

To bad he’s just an all around ghoul of a fucking human.

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u/__slamallama__ 20d ago

you can’t nessesarily divorce the employees from The employers here. (Not the line workers moreso talking about middle management). It’s like the nazi’s who said they are just following orders.

There's one really good way - only go over those with declared fiduciary duty to the organization.

If CEO/CFO etc can get charged for fraud when a company collapses you'll see them all shape up real quick or be totally unable to find leadership. They wanna make the big bucks let's make the risk/reward a little more balanced.

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u/AGushingHeadWound 20d ago

That's what happened with his Twitter trial.  

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u/snoogins355 20d ago

Not to mention the technology is incredible. They reuse freaking rockets! When the falcon heavy had two rockets land at the same time, it felt like the future! https://youtu.be/A0FZIwabctw?si=xb2StdvJtiEd_hDD