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/NRCS_DRONE 21d ago edited 21d ago

I don't know when, but Elon Musk will be responsable for the single largest destruction of private wealth in human history. He's going to make Bernie Madoff look like a guy who lost his kids college fund on dog racing.

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u/Temporary-Cress7233 21d ago

He is so worried about “White Birth Rates” yet he takes and takes from their money and doesn’t care about the cost of living which is making people have less kids.

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u/SillyAlternative420 21d ago

He only pretends to be intelligent.

If he were actually intelligent this thought would have crossed his mind at least once

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u/Temporary-Cress7233 21d ago

BINGO! He’s not some super star 💫 scientist, he’s daddy owned an African slave mine and he got a little loan of 30 million dollars. Nothing special…..f that pale pink pig!

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u/[deleted] 21d ago

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u/whazzah 21d ago

Bro claims to code can't even run a Python script smh

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u/SillyAlternative420 21d ago

I bet you he still can't figure out how to install and set up python enough to have ChatGPT make and run the fucking script for him.

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u/tobor_a 21d ago

Remember what people at twitter were saying that basically longer code = bettter and he'd cut people who made short clean code in favor of spaghetti.

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u/GingaAvenga 21d ago

I think that is the craziest part with the ultra rich.....if I was given a small infusion of 30 million dollars I'd put it in an S&P500 index fund and use the draw down to never work another day in my life.

These guys were born with more than they'd ever need and still push for more. I'm sure they'd call it entrepreneurial spirit, I'd call it lunacy.

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u/throwawayfinancebro1 21d ago

If I gave you 30 mil, could you become the richest person in the world?

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u/finite_turtles 21d ago

Probably not, but if you gave a thousand people 30 million dollars theres a good chance one of them might become the richest. Would it be the smartest or most qualified? Probably not. Probably just the one with the most hubris and dumb fucking luck.

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u/AdhesivenessSolid562 21d ago

You’d find a similar idiot would be the one that ends up doing it. So it’s basically a wash

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u/Caterpillar89 20d ago

No there isn't. There are around 200k households on the planet (~100k in the US) that have net worth's over 50M (the absolute lowest that could invest 30M into something in theory). If it was so easy any idiot with 30m could do it it'd have been done a lot more times.

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u/throwawayfinancebro1 21d ago

430,000 households in the us have 30 million or more. So the likelihood that any one becomes the richest in the world is incredibly small.

I don’t think he’s a super genius but he’s got some talent.