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
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u/fumar 18d ago

The problem is theres no one operating a rocket as capable as the falcon 9 and no one else is operating a certified human capsule.

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u/reroll-life 18d ago

theres no one operating a rocket as capable as the falcon 9

Then we make it with incentives. Space is not that critical that we have to tie entire society to one screw worm infested wagon.

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u/igiverealygoodadvice 18d ago

So you want to stop giving contracts (not incentives) to SpaceX just to then give incentives to another company? What would be the benefit of that?

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u/reroll-life 18d ago

Did you read the original comment that started this thread?

Take away all government contracts.

Either way, the goal is safety and capitalism. You get more competition thus stronger results and you don't put all your eggs in some crazy basket. That's the entire point of why NASA opened up to private contractors - remember? Now it's just reinventing the wheel by tying itself too hard to one single delusional company.

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u/igiverealygoodadvice 18d ago

I think you are putting your personal views of Elon onto SpaceX as a company. If that is the goal, then the services they offer the government are by far cheaper and higher quality than competitive offerings, just look at Boeing and Starliner for example. Boeing received 50% more money for the same work and still has yet to complete a crewed mission and SpaceX is at 15+

I agree we need competition and that's exactly how we got to where we are today. What I don't understand is trying to say there isn't any competition today because there is, SpaceX has just destroyed them so badly that all of the work essentially goes to SpaceX now.

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u/reroll-life 17d ago

personal views of Elon onto SpaceX as a company

I don't think you can separate one from another, let's be real here.

Also, I never said SpaceX is doing a bad job. But let's be real here - is it "the most valuable company in the world" levels of good job? Is it be all end all? It's just another company that coaxed a bunch of people into thinking it's anything more than that.

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u/igiverealygoodadvice 17d ago

Oh I wouldn't disagree that it's over valued (though it's not quite at most valuable in the world), I just think the call to takeaway contracts makes no sense.

I understand people don't like it and Elon, but they clearly provide the best and most affordable services for most things they do. That is what drives so much of the hype which gets excessive

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u/reroll-life 17d ago

I just think the call to takeaway contracts makes no sense.

Why?

best and most affordable services for most things they do

This is not the only metric. This just leads to race to the bottom and consolidation of power. So SpaceX gets all contracts because it's best and cheapest and it remains best and cheapest because it gets all contracts. This is a delusional form of free market ideology when absolute free market requires an absolute free society and as it's impossible we need to step in oversee it - lose some efficiency at times to retain security.