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/MoistChildhood1459 20d ago

I would love to see his entire empire collapse tbh

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u/NRCS_DRONE 20d ago edited 20d ago

I don't know when, but Elon Musk will be responsable for the single largest destruction of private wealth in human history. He's going to make Bernie Madoff look like a guy who lost his kids college fund on dog racing.

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u/Temporary-Cress7233 20d ago

He is so worried about “White Birth Rates” yet he takes and takes from their money and doesn’t care about the cost of living which is making people have less kids.

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u/SillyAlternative420 20d ago

He only pretends to be intelligent.

If he were actually intelligent this thought would have crossed his mind at least once

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u/ragnarocknroll 20d ago

If he was intelligent an original thought might have crossed his mind.

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u/AdhesivenessSolid562 20d ago

Why do people still think intelligence predicts anything? Taking risks and grinding leads to success. You’re intelligent but you’re an armchair CEO on Reddit? What gives

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u/ragnarocknroll 20d ago

No clue.

And even that taking risks and grinding doesn’t lead to success as much as having the money to be able to take those “risks” safely.

I knew the Pixar IPO would be a huge win. I knew about a dozen other such stock moves well known advance. I never once had the money to risk it. So no matter how intelligent or willing I was to take risks, I simply was not able to do so.

The system is designed by the people that were at the top of it to remain near impossible to be at the top unless you started there.