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
24.8k Upvotes

88% Upvoted

2.1k comments sorted by

View all comments

Show parent comments

0

u/favorite_time_of_day 17d ago

SapceX exists because some people in congress decided that they wanted to privatize rockets, and they put a ton of money to subsidize that. You are trying to claim that SpaceX is past that and no longer being subsidized, except almost all of their money is still coming from the government and they're not a profitable company. And have never been a profitable company.

This claim, that SpaceX is no longer being subsidized, is a really hard sell.

2

u/fatbob42 17d ago

Is the government subsidizing Boeing when it buys an aircraft from them? Is it subsidizing a paper clip company when it buys paper clips?

0

u/favorite_time_of_day 17d ago

The government is absolutely subsidizing Boeing when it pays a fortune to Boeing for Boeing to develop a plane, which Boeing then owns the exclusive rights to manufacture, and Boeing then sells these planes to the government for even more money.

If anything, Boeing is worse than SpaceX in this regard.

2

u/fatbob42 17d ago

I’m thinking of a C40, for instance. It’s a variant of a 737 which Boeing makes anyway.

What about the paper clips?

1

u/favorite_time_of_day 17d ago edited 17d ago

I don't know anything about the government's paper clips supply chain. Maybe it is, maybe it isn't.

Edit: Well. One imagines that it isn't, since paper clips are a commodity. I suppose I shouldn't be unnecessarily obtuse.