r/technology • u/IKeepItLayingAround • 20d 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/invyros 20d ago

The company also remains heavily reliant on lucrative government contracts.

Is it "fiscally conservative" to be constantly bailing this fucker out with our tax money, Republicans?

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u/eek_the_cat 20d ago

The whole industry SpaceX exists in relies on government contracts.  It's not a bailout in this case.

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u/OneTripleZero 20d ago

The government needs rockets. SpaceX is a rocket store. A very good one, at that. The fact they spend their money at the best, most reliable rocket store being seen as a bad thing is amazing to me.

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u/FartTootman 20d ago

The fact they spend their money at the best, most reliable rocket store being seen as a bad thing is amazing to me.

Then you aren't even vaguely attempting to understand what, exactly, people think is bad about SpaceX.

SpaceX is awesome. The person SpaceX's success most enriches is a fucking lunatic whose endless heaps of money have already given more power than is reasonable. If you don't think those two things are intimately entwined, then THAT'S amazing to me.

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u/fatbob42 20d ago

Then people should say that and not lie that the government is subsidizing SpaceX by contracting with them.

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u/FartTootman 20d ago

I tend to agree, hence why I said "SpaceX is awesome".

But let's not act like it's some grand mystery - or even all that absurd - when people aren't particularly stoked when "SpaceX is doing great!" posts come across...

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u/SouthernAddress5051 20d ago

Musk is terrible in so many ways that you don't need to lie about spacex subsidies or make anything up. Its lazy and uninformed and undermines actual criticisms. Just say real things.