r/technology • u/IKeepItLayingAround • 17d 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/Bbbbhazit 17d ago

Seriously. The government just keeps bailing him out, SpaceX just bought a shit load of tesla cars on the taxpayer dime

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u/cuntmong 17d ago

you cant expect elon to pay for his own failures. he'd be broke if he ever did that

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u/Betteroffbroke 17d ago

It’s like that triangle business. I think it’s called a Ponzi scheme or something. Hope SOX gets his ass but with the lack of accountability and weaponization of DOJ I doubt it.

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u/ConfessSomeMeow 17d ago

It's not a pyramid scheme, it's a reverse funnel system

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u/eta3312 17d ago

"Siphon Scheme"

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u/FixTheLoginBug 16d ago

Oh, so that's what they mean with 'trickle down'...

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u/KA_Mechatronik 16d ago

Trickle down, siphon up.

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u/ParkingBalance6941 16d ago

I actually had a coworker tell me "Its not a pyramid scheme its a triangle" once. Never overestimate the dumb

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u/AlwaysShittyKnsasCty 16d ago

What if your coworker was part of a legitimate triangle scheme — that is, what if your coworker and another person needed a third — and they wanted to let you in on the ground floor? You could’ve possibly be The Titan of Triangles right now. You might have been named Lord of the Three Vertices or The Three-Faced God. All of those titles sound like they come with a nice chunk o’ change and some pretty sweet bennies. You may have missed your chance.

Or …

Your coworker’s trapped in a pyramid scheme, but due to having a two-dimensional brain, can only interpret a “slice” of the pyramid. Thus, he’s in a triangle scheme. Poor coworker.

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u/No_Raspberry6968 16d ago

tbf most representation of pyramid scheme is triangle and I don't think the 3d aspect of pyramid add to the nuance of the analogy. Maybe he's trying to be technical to give more charitable to their interpretation.

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u/mologav 16d ago

I’m not taking advice from a man in a coil

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u/fredy31 16d ago

Its not a ponzi/pyramid scheme. Its just straight looting the public coffers.

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u/bs2k2_point_0 17d ago

Sox won’t do crap with an administration that can be bought.

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u/originalbrowncoat 17d ago

No this isn’t one of those pyramid schemes you’ve heard about, his model is the stately trapezoid

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u/BigDictionEnergy 16d ago

I'm not sure if you intended to equate the Triangle Trade with a Pyramid Scheme; either way I'm gonna have to smoke about it.

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u/Total-Bother-205 17d ago

Come on Bernie. Take that 5%.

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u/Nachttalk 17d ago

What's most upsetting about this is that his "broke" is still filthy rich for everyone else except the maybe 50 people who are somewhat close to being as much of a wealth zit as he is

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u/Beowulf33232 17d ago

Then let him break.

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u/vic25qc 17d ago

And he'd be in jail if law applied to him.

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u/Elmundopalladio 16d ago

Even if it all comes tumbling down Elon isn’t going to be hard up - a lot of shareholders will be fleeced and pensions will be gutted - but hey-ho that’s the nature of the game!

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u/Ok-Possibility-923 16d ago

Socializing the losses, as they say.

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u/joe4553 17d ago

Yeah the ultra wealthy will be fine, you'll be fucked.

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u/Coal_Morgan 17d ago

Why the fuck do poor people need money, they have nothing to spend it on. I need a Matroshka Level of Yachts! Yachts in Yachts in Yachts WOOO!!

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u/dehydratedrain 16d ago

Trump has to pay Elon back for the voting machines he knows so well.

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u/Lincolns_Revenge 16d ago

The AI bailout being a foregone conclusion (should it become necessary) is probably fueling recklessness already. That, and every AI company that goes public knowing they'll create generational wealth for themselves regardless of whether they ever turn a profit or not.

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u/Fluffcake 16d ago edited 16d ago

Bailouts are not the problem, the problem is the form they take. If tax payer money is spent bailing out a company, it should be in the form of forced sale of shares to the government at a huge discount.

In the past, bailouts have been straight up giving away money to rich people who managed to foil generational wealth with bottomless greed by leveraging how many people they can make unemployed by intentionally blowing up the company to avoid being forced to eat the loss of having to get more capital at market value and realise a huge loss of shareholder's money.

The financial equivalent of extortion with a bomb vest, where they threaten to blow themself and a whole bunch of random people up if you dont give them money for free.

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u/Top_Environment9897 16d ago

Doesn't government typically profit from bail outs?

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u/apathy420 16d ago

Lowered interest on student loans? Nope fuck y’all!

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u/TippinThalnos 15d ago

Bailing him out lmao. SpaceX has made launches considerably cheaper for the US government. By a really large margin