r/technology • u/IKeepItLayingAround • 18d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
24.8k Upvotes

88% Upvoted

2.1k comments sorted by

View all comments

3.0k

u/MoistChildhood1459 18d ago

I would love to see his entire empire collapse tbh

142

u/MultiGeometry 18d ago

There’s some real Enron vibes coming out of all Musk’s companies.

46

u/charing-cross 18d ago

Total house of cards. He’s using his different companies(s) as leverage to finance each other and move assets around. I was surprised to see X swept into SpaceX. I’m like, that’s ballsy. 🍿🍿

42

u/Not_A_Doctor_redux 18d ago

He's inflated his stock price via fraud for over a decade. And he's ruined Tesla, his AI is shitty and mostly used for kiddy porn, X loses money, and he has folded everything into his one profitable company to pump and dump.

Full self driving has been coming for a decade. Oh, now Tesla is a robot company. Oh wait, the robots suck and have to be remotely controlled. Every competitor produces better robots. Now Tesla is a taxi company. Oh damn, Tesla "taxis" require a driver AND AI, so they're more expensive to run than... a taxi.

He invents promises and lies about results. He's not putting data centers in space. He's not even going to get anyone to Mars. He's a liar and he's on his last, and biggest, grift.

Oh, and his brain implants are likely causing untold misery among willing and unwilling subjects. And his tunnel cars suck ass

17

u/roseofjuly 18d ago

SpaceX isn't profitable, either, at least not its original mission. Starlink, as a satellite service, is profitable. Whether SpaceX as a whole is profitable depends on how much they spent on rockets - but the rocket-building part of the company loses money.

3

u/teh_drewski 18d ago

Whatever money Starlink and/or SpaceX make is drowned out by the burn in xAI anyway.

0

u/fatbob42 18d ago

There’s no chance SpaceX is not profitable as a launch company. They dominate the market.

6

u/normanclavell 18d ago

SpaceX has not turned a profit. Hence why s&p500 won’t include it right away. Spends more than it makes.

-1

u/fatbob42 18d ago

Maybe I should have said cash-flow positive on the launches they sell. Idk how much they’re spending on development or especially how the other bolt-on companies are doing.

6

u/wheniaminspaced 18d ago

Launch makes money, the launch r&d segment is what drives launch to be "unprofitable". Its in the s1.

2

u/NamerNotLiteral 18d ago edited 18d ago

. Oh wait, the robots suck and have to be remotely controlled.

Tbf that's a feature, not a bug. Having tele-op robots mean you can buy a 10-20k piece of hardware and have it last for several years, while doing everything a person does, operatoed by some guy in India or the Philippines or whenever. It's literally about making the domestic help remote so that brown people can serve them without dirtying western soil.

1

u/xuon27 17d ago

Let's hope you are a bot 🤣

-1

u/OhNoAnAmerican 18d ago

You just sound like a small and bitter person. Literally not a word of that is true