21–30 of 139 posts
This trope needs to die. SpaceX has no plans to go to Mars. Elon meanwhile regularly says forward looking stuff to attempt to justify the lofty valuations of his companies. Let's just say there is a ... mixed track record on these proclamations (Full self driving, Hyperloop anyone?)
Option 1: Elon has control and optimizes for cool shit and going to Mars, and maybe abuses the corporate entity a bit, as a piggy bank, or whatever. Option 2: the market has control, and optimizes for short term starlink revenue and the launch business. I prefer Option 1.
Option 1: Elon has control and optimizes for cool shit and going to Mars, and maybe abuses the corporate entity a bit, as a piggy bank, or whatever. Option 2: the market has control, and optimizes for short term starlink revenue and the launch business. I prefer Option 1.
I'm more worried about the early inclusion into the Nasdaq 100 index and if other indexes will follow. I don't want my retirement to be passively buying Elon's latest shell game.
Option 1: Elon has control and optimizes for cool shit and going to Mars, and maybe abuses the corporate entity a bit, as a piggy bank, or whatever. Option 2: the market has control, and optimizes for short term starlink revenue and the launch business. I prefer Option 1.
You must be living under a rock if you think all super rich billionaires like Musk are doing is "abuses the corporate entity a bit, as a piggy bank, or whatever"
Option 1: Elon has control and optimizes for cool shit and going to Mars, and maybe abuses the corporate entity a bit, as a piggy bank, or whatever. Option 2: the market has control, and optimizes for short term starlink revenue and the launch business. I prefer Option 1.
Don't ask the public for money and then not provide any of the corporate requirements under the SEC for the proper operation of the markets.
You can't have both.
Same article syndicated on msn.com, without paywall: https://www.msn.com/en-us/money/companies/new-york-californi... The issues: > The New York and California pension systems would become holders of SpaceX shares through their passive allocations if the company is admitted to major U.S. stock indexes. > The officials… objected to the amount of power the board has given Musk over the company, including: - voting contr…
I’d love to hear one of you staunch capitalists tell me why the description of this persons control over 13,000+ employees is any different than a feudal “Lord” Over the entire lifetime of SpaceX Nearly 100% of the revenue comes from the government They pay gifts and tributes to the government They spend an absurd amount of money on lobbying and writing laws to take monopoly control of the subsection of the market Wh…
If they have discretion, these pensions can replicate the S&P500 minus SpaceX if they don't like SpaceX's governance.
If they're forced to passively hold precisely the S&P500 then shaddup and stop active managing.
Next.
Option 1: Elon has control and optimizes for cool shit and going to Mars, and maybe abuses the corporate entity a bit, as a piggy bank, or whatever. Option 2: the market has control, and optimizes for short term starlink revenue and the launch business. I prefer Option 1.
Option 3: Elon takes over the Federal government, causes some major security incidents, and cuts off USAID stranding a number of Federal employees and cutting off short term food support for hundreds of thousands of people depending on it. Option 4: Elon takes over a social network and tries to Orbanize the West with it.
Option 1: Elon has control and optimizes for cool shit and going to Mars, and maybe abuses the corporate entity a bit, as a piggy bank, or whatever. Option 2: the market has control, and optimizes for short term starlink revenue and the launch business. I prefer Option 1.
I prefer Option 2 as musk has an alleged track record of trading things between his companies with no oversight, and how sAfE cybertrucks are