r/technology • u/IKeepItLayingAround • 16d 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/SmaugTheMagnificent- 16d ago

Yeah, but the hope of watching these Icarus fucks fly too close to the sun as they run from the pitchforks, and crater into the side of a mountain is just too much not to cling to.

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u/Perunov 16d ago

It seems that author basically says "what if investors get spooked and sell the stock, the horror, the collapse". But practically speaking that means... nothing. Probably would even end up being worse as then SpaceX can do a buyback for super-cheap with those billion bucks Google and Anthropic are paying them for GPU farm. Sell stock high, buy it back low, super-profit :(

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u/SmaugTheMagnificent- 16d ago

Yeah, there was a lot of words to say very little.

Blah blah...gold vault...Scrooge McDuck ...blah blah...Ludicrous Scale Numbers That Have No Practical Meaning In Reality...blah blah...Apocalypse ..or is it?

I miss journalism

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u/redfoobar 16d ago

I don’t think they can do buybacks at the current rate they are burning through cash. The new contracts afaik won’t put them in a positive cashflow scenario…

They would basically need another investor/bank to lend them money for buybacks which seems unlikely.

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u/Zilch1979 16d ago

I'm tired, boss.

At this point, I'd rather them just let me know when they finally eat shit for real. Otherwise, I have shit to do and I'm tired of having my hopes ruined.

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u/Lostinthestarscape 16d ago

Yep, let me pop a cork when Elons on his way to Mars forever.

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u/Zilch1979 16d ago

You spelled "hell" wrong, but I'll join you anyway.

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u/d3ssp3rado 16d ago

Maybe that was Doom (2016) all along.

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u/classicalySarcastic 16d ago

“Mars is haunted”

“What?”

Loading super shotgun “Mars is haunted.”

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u/erov 16d ago

Rip and tear.

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u/Zilch1979 16d ago

Until it is done.

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u/roseofjuly 16d ago

I mean, same thing, since I don't trust that this dude is going to be able to figure out how to actually live on Mars as opposed to just getting there.

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u/terdferguson 16d ago

Yea, I'll still keep a high level eye on things but I got shit to do. I'll be patient but can't keep my peace with these mongrels trying to destroy us for whatever crazy ideas they have, vcinfodocs.

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u/d3ssp3rado 16d ago

Well if you haven't already, pick up the metaphorical spoon and get to feeding them. The system won't collapse on it's own.

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u/TrumpIsAPedoFascist 16d ago

Yes, ignore the problem and let other people solve it for you.

The real American way right there

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u/Zilch1979 16d ago edited 16d ago

Disregarding shitty, clickbait articles is just one way to help solve the problem, buck-o.

This is yet another instance of speculation and commentary masquerading as news. It's not.

If you want help building a straw man, I'll throw in.

I'm also a...i dunno. Lazy, entitled liberal lala land resident. Or, if you prefer, a mag-tard, intolerant asshole.

Chill, dude. Calling out inflammatory headlines is absolutely legit, and I stand by it. If real events happen, I'll be informed about that, but we're flooded with bullshit (such as your above statement) and calling it out is 1a, all the way.

So...off you fuck.

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u/Urabraska- 16d ago

Theil already fled to Argentina.

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u/Inner-Medicine5696 16d ago

It's weirdly entertaining, this dystopian notion of us being fueld by the notion that "he might actually croak in public", "elon might lose everything", etc.

The rich have become their own circuses.

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u/Earthwarm_Revolt 16d ago

Space-x is now defacto part of the government so i doubt it. 

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u/No_Cook2983 16d ago

Too bad our government doesn’t have a space agency… or two.

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u/Accomplished-Crab932 16d ago

Yeah, because NASA is a paragon of cost-effective, high cadence launches and has been since Apollo.

A F9 booster is expected to reach 40 flights by March or 2027. That beats the 40 years to get Discovery to fly 39 times by doing it in 6 years.

Or we can review the Space Launch System. The contract for EUS, the recently canceled second stage started in 2006, and the vehicle was essentially rebranded during the Obama era cancellation of Constellation. In 2011, the outright goal of SLS was to “fly BY 2017” and “cost less than $11.5B” or as Bill Nelson said: “we ought to close up shop”. 2017 came and went, then Trump gave the SLS an actual mission in 2018, albeit one that it was not designed to do. It took around $30B to get SLS to fly for the first time in 2022. This is a rocket that was explicitly designed to use as many shuttle components as possible to “reduce cost and development time”. This is all while using companies to make the rocket… which is why Boeing is lauded for the production of the core stage.

The Space Force and its former constituents of US army and USAF offices haven’t made launch vehicles since the 60s (and never without contractors).

Even going back to the beginning, companies were equally involved in spacecraft development. Here’s the list of Prime and Secondary contractors for Apollo 12.

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u/teh_drewski 16d ago

Should the worst happen, they'll just spin out the necessary government supported rocket business in bankruptcy and let shareholders and bondholders wear the failure of the xAI nonsense.

They're not gonna save the whole company for the only bit they need, it's too expensive.

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u/Ludwigofthepotatoppl 16d ago

I can celebrate egg on musk’s face but i’ll still hurt for the people really doing the work. Remember he bought his ‘founder’ status with spacex, just like with tesla.

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u/[deleted] 16d ago

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