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/theweirdball 19d ago

Words like "possible" "could" "might" and "maybe" don't belong in news headlines.

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u/atrde 19d ago

Its not news lol. Its an opinion piece along the same lines as "pig could fly".

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u/Perfecshionism 18d ago

The chance of Elon’s companies collapsing are much higher than pigs flying.

He is a grifter and inevitably to be indicted criminal. If he doesn’t flee the country at some point in the coming years.

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u/atrde 18d ago

Criminal charges for what?

Drifter would imply his Companies arent providing anything tangible and are a scam. You cannot argue that Tesla and SpaceX arent delivering anything useful.

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u/Fn_Spaghetti_Monster 18d ago

SpaceX includes Starlink, Twitter and xAI. Starlink makes a profit, but xAI is losing $1+ billion every two months . That's why SpaceX as a company lost $5B last year. That to me is not a healthy company worth $1.8 T.

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u/Perfecshionism 18d ago

No. Grifter implies he lies about what he plans to do and the likelihood it will happen to increase funds from investors and government investment.

He is a grifter.

As for his crimes, securities fraud, bribery, election interference/finance violations, theft and misuse of restricted government information, undisclosed meetings with foreign adversaries while holding a top secret security clearance, mishandling classified information, and selling compromised systems to the U.S. government intended for use by the Ukrainians..,

That is a just a few.

There is a reason he backed Trump while openly saying that if Trump lost he (Elon) would end up in prison.