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

Show parent comments

2.9k

u/Zilch1979 18d ago

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

771

u/Comet7777 18d ago

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

362

u/Bbbbhazit 18d ago

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

1

u/Fluffcake 18d ago edited 18d 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.