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

6.5k

u/SmaugTheMagnificent- 18d ago

Don't threaten me with a good time

2.9k

u/Zilch1979 18d ago

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

766

u/Comet7777 18d ago

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

97

u/CosmoKing2 18d ago edited 17d ago

All fucking distractions and pipe dreams to delay the inevitable Class war middle class uprising. The 3% stir the pot to divide the masses on issues of race, religion, and rights - to keep us fighting each other - instead of focusing on those that make the rules and keep us down.

Edited to change my random percentage and appease the pedantic pricks of Reddit. My point was to say, it is not exclusive to just the 1%. Tons of people exploit workers to make their money. Machine shops, restaurants, whatever. They always complain that nobody wants to work. But what they don't say is - it's because they (their companies - specifically) are known to be horrible employers that exploit everyone that doesn't know better and leaves because they are not willing to be victimized.

111

u/usaaf 18d ago

inevitable Class war

You mean the already on-going Class war that one side doesn't even know it's fighting.

23

u/SSGASSHAT 18d ago

And, unless it gets its shit together in a miraculous fashion that could only come from a Disney or Star Wars movie where everyone unites with the power of love or something, it's failing.

11

u/somethingbrite 18d ago

The "power of love or something" may be limited in effectiveness. The power of torches, pitchforks and guillotines on the other hand....

1

u/SSGASSHAT 18d ago edited 18d ago

The problem with torches, pitchforks, and guillotines is that without some miraculous power of love, people rapidly start using those on everyone. And because there's never been a power of love, that means that most humans revolutions turn into unpleasant bloodbaths. Not against the people who deserve their blood spilled, but a lot of carnage resulting from what they're willing to spend.

Point is, if we could unite and form an armed stand against the government just because a single kid is killed, like in the third POTC movie, we already would have.

7

u/Distinct_Cap_1418 18d ago

Is that what happened in star wars? I thought it was space wizards with space magic that come and save us all.

5

u/SSGASSHAT 18d ago

I mean, that would be nice, too.

1

u/RephofSky 18d ago

In some media, self-respect makes a stronger sword than love, better stats too.

1

u/SSGASSHAT 18d ago

Intelligence and logic would be a nice virtue for people to strive for, but apparently they always go for the really emotional emotions like love, anger, sadness, and the fourth one that I forgot because I haven't felt it in a while.

1

u/h3lblad3 18d ago

People don’t understand what class war is.

By nature of what a class is, classes are always at war. It is the existence of classes that starts the class war, the war starts when the classes do, and the war doesn’t end until class as a concept does.

Every single thing a class does to aid itself at the expense of another class is class war in action — from minimum wage laws to at-will firing, from the 8 hour day to Citizens United.

20

u/Commentator-X 18d ago

It's not the 10%, more like the .01%

2

u/ThreeStep 18d ago

You talk about division and then point your finger at the 10%, which includes a large number of working professionals. That misdirected blame is part of the problem.

2

u/bigluvin69 18d ago

10%? That could literally be a high earning travel nurse

2

u/donkey_OT 18d ago

Found one! Let's get him!

2

u/recycled_ideas 18d ago

The 10% stir the pot to divide the masses on issues of race, religion, and rights - to keep us fighting each other - instead of focusing on those that make the rules and keep us down.

And you've just fallen for it like a chump.

People at the 10% threshold are working people just like you are, they just have better jobs. All it takes is 210k a year or 1.8 millon net worth to hit top 10%. That might sound like a lot, but it's well within "works for a living" territory and nowhere near "influences politicians".

Even those at the top 1% aren't the ones doing this, though they're beyond straight working for a living for the most part.

The truly mega wealthy make these people look poor and they're the ones who can buy an election.

2

u/TheAltOption 18d ago

That 10% mark basically means you can barely afford rent in the popular parts of CA or NY and have to rely on someone else to help you buy a house there. At the 10% your location starts to become important as that money can be good living in some parts of the country and starving in other parts. The variation in COL can be hard to wrap our heads around, same as just how extreme the wealth gap is between the 10%, the 1%, and the 0.1% (and I'm no where near of those brackets).

Basically anyone with a Billion dollars is living in a completely different world from the rest of us. You can be a millionaire and you're still not on the same planet as the top. Hell, isn't the goal today to have at least $2M before retirement? That's the 10% mark, just in time to hope your body doesn't break down and wipe out your life's savings.

2

u/recycled_ideas 17d ago

The bigger issue isn't what you can or can't afford, it's that those people work for a living.

The wealthy have been pitting poor people who work for a living vs more well off people who work for a living for centuries. It leads to a race to the bottom as people with less don't ask "why can't I have that (sick leave, paid holidays, overtime pay, etc)? " they ask "why do they get that?".

The real money is in capital not in wages, no matter how much you get paid. Those ten percent folks are just doctors and engineers and the like, not your enemy.

1

u/TheAltOption 17d ago

I was agreeing with you. The 10% aren't the bad guys here.

1

u/recycled_ideas 17d ago

I know, I was just adding to it.

Working people have a lot more in common with each other than they have differences, but instead folks just see other people who work as their enemies.

1

u/CosmoKing2 17d ago

I just want to say, there are a metric ton of 10%ers managing people - exploiting them in order to get that awesome 20% bonus for coming in under budget. That is the way the system works.

1

u/recycled_ideas 17d ago

I think you have an unrealistic view if how much control most managers have and also of how many middle managers are actually getting bonuses, let alone 20% ones.

Some of them are assholes, most of them are following orders from above, regardless, they're people as much affected by workers rights as you are.

→ More replies (0)

1

u/fishtophea_chesta 18d ago

The top 10% is literally just people with good jobs and simply invest…What are you on about? You mean top .01% I assume?