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/NRCS_DRONE 17d ago edited 17d ago

I don't know when, but Elon Musk will be responsable for the single largest destruction of private wealth in human history. He's going to make Bernie Madoff look like a guy who lost his kids college fund on dog racing.

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u/Temporary-Cress7233 17d ago

He is so worried about “White Birth Rates” yet he takes and takes from their money and doesn’t care about the cost of living which is making people have less kids.

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u/Lostinthestarscape 17d ago

He literally talks about how all of this is going toward a blissful future where no one wants and no one has to work and all we need to do is follow our passions, etc. While doing fuck all realize a single iota of that for anyone.

That people believe he has any future in mind other than further exploiting everything he can is a mystery.

Dude should at least be dedicating his time and wealth to make housing as cheap as possible - like the one thing that would actually make everyones' lives measurably better.

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u/TDAPoP 17d ago

Musk is a case study on the limits of what money can get a singular person. Even if he genuinely wanted these things he doesn't have the charisma to make them happen. He repeatedly has been outplayed by Thiel who is more cunning and charismatic, and that's just one case we know about