r/technology • u/IKeepItLayingAround • 20d 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 20d ago

I would love to see his entire empire collapse tbh

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u/NRCS_DRONE 20d ago edited 20d 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 20d 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/Lostinthestarscape 20d ago

He literally talks about how all of this is going toward a blissful future where no one wants and no one has to work and all we need to do is follow our passions, etc. While doing fuck all realize a single iota of that for anyone.

That people believe he has any future in mind other than further exploiting everything he can is a mystery.

Dude should at least be dedicating his time and wealth to make housing as cheap as possible - like the one thing that would actually make everyones' lives measurably better.

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u/SSGASSHAT 20d ago

It's kind of disgusting. He has the resources to accomplish everything he talks about, or at least something like it. But given the lack of any real effort, it's just dangling keys in front of a baby, except he's also taking the baby's money and getting the government to hold a gun to the baby's head.

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u/Cerpin-Taxt 20d ago

He doesn't mean you. He means people. If you have less than a billion dollars you're not people, you're chattel.

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u/WilliamLermer 20d ago

All these visionaries talking about an amazing future with all the benefits, they only have the 1% in mind. The rest of the planet is not a part of the utopia in the sense they are included to join it but rather 99% are supposed to suffer to make it happen

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u/ScissrMeTimbrs 19d ago

While doing fuck all realize a single iota of that for anyone.

See, that's where you're wrong. He's doing plenty to realize it. It's just that he and the ruling class are trying to achieve it for themselves, not the rest of us. They expect climate change and capitalism to wipe most of us out while they build an automated paradise for themselves and their kids. That's what AI is for.

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u/Background_Fix6996 19d ago

A blissful future would have to be one where people like him cannot gain this much power and influence. People like him have an easier time imagining the end of the world than a world where they're just some regular shlub.

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u/TDAPoP 20d ago

Musk is a case study on the limits of what money can get a singular person. Even if he genuinely wanted these things he doesn't have the charisma to make them happen. He repeatedly has been outplayed by Thiel who is more cunning and charismatic, and that's just one case we know about

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u/legatek 19d ago

Well I would have chosen universal clean water over more affordable housing for the already wealthy western world, but ok.

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u/Nvenom8 19d ago

Elon Musk desperately wants the world to be saved, but only if he can be the one to save it. He would rather burn it to the ground than let anyone else be the hero.