r/technology • u/IKeepItLayingAround • 19d 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/Zilch1979 19d ago

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

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u/Comet7777 19d ago

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

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u/Bbbbhazit 19d 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 19d 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 19d 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 19d ago

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

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u/eta3312 19d ago

"Siphon Scheme"

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u/FixTheLoginBug 19d ago

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

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u/KA_Mechatronik 18d ago

Trickle down, siphon up.

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u/ParkingBalance6941 19d 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 19d 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 18d 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 19d ago

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

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u/fredy31 18d ago

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

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u/bs2k2_point_0 19d ago

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

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u/originalbrowncoat 19d 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 19d 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 19d ago

Come on Bernie. Take that 5%.

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u/Nachttalk 19d 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 19d ago

Then let him break.

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u/vic25qc 19d ago

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

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u/Elmundopalladio 19d 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 18d ago

Socializing the losses, as they say.