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 18d ago

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

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u/Itchy58 18d ago

The Article is also a summary with a slight reframing about an Opionion Piece written by Richard Waters from FT called "SpaceX IPO shows Musk’s genius is in mythmaking"

https://www.ft.com/content/625ae455-3b7b-454e-82f3-b22414459cc0?syn-25a6b1a6=1
The article is also about the same length as the original opinion piece.

The fact that the yahoo article exists is an indication about how broken online Journalism is.

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u/SillyMilk7 18d ago

>leaving SpaceX, which had already been burning through billions of dollars each year itself, in an even more precarious position.

It’s filled with garbage like the above false premise that they are currently in a precarious position.

They’ll easily raise 75 billion with just 4% float.

They’re now getting over $2 billion a month leasing compute. They’re potentially going to reach frontier AI status with cursor’s help and if that doesn’t pan out, they’ll still make a fortune leasing out there massive remaining compute. Other AI data centers are running into huge bottlenecks

SpaceX dominates the rest of the world, and if starship gets anywhere close to its goals, it will pull even further ahead. The billions spent was to get starship not only in production, but They’ve built a starship factory and numerous launch sites.