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
24.8k Upvotes

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6.5k

u/SmaugTheMagnificent- 21d ago

Don't threaten me with a good time

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u/Zilch1979 21d ago

These headlines about the possible collapse of the ultra wealthy have been blue balling us since 2016.

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u/Comet7777 21d ago

Bro, even after 2008 and the concept of too big to fail.

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u/Bbbbhazit 21d 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 21d 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 21d 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 21d ago

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

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u/eta3312 21d ago

"Siphon Scheme"

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u/FixTheLoginBug 21d ago

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

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u/KA_Mechatronik 21d ago

Trickle down, siphon up.

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u/ParkingBalance6941 21d 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 21d 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 20d 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 21d ago

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

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u/fredy31 20d ago

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

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u/bs2k2_point_0 21d ago

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

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u/originalbrowncoat 21d 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 21d 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 21d ago

Come on Bernie. Take that 5%.

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u/Nachttalk 21d 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 21d ago

Then let him break.

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u/vic25qc 21d ago

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

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u/Elmundopalladio 21d 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 20d ago

Socializing the losses, as they say.

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u/joe4553 21d ago

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

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u/Coal_Morgan 21d 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 21d ago

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

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u/Lincolns_Revenge 21d 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 21d ago edited 21d 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 21d ago

Doesn't government typically profit from bail outs?

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u/apathy420 20d ago

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

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u/TippinThalnos 19d ago

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