SpaceX's IPO is a disaster waiting to happen for your pension fund
1–10 of 53 posts
Re: SpaceX's IPO is a disaster waiting to happen for your pension fund
#2> Shareholders will have no say in how the company is run. If and when he makes a mess of things, they will find it very hard to sue him because of various waivers. The board – that entity that is supposed to look out for shareholders - is loaded with Musk loyalists.
Does anyone seriously believe that an independent board of investors can deliver better results than a founder?
If you look at the companies that built the most amount of wealth in the last 20 years, from Meta, Google, Tesla, Alphabet, Nvidia, what many of them share is more or less singular control by the people in charge. Sometimes its super-voting shares but other times its just founder mentality and ability to make big bets and set the direction.
The rest of the article is similarly non-sensical. Everyone will be forced to buy it but it's going to crash! The prior investors will sell their shares! The IPO is an exit mechanism!
Re: SpaceX's IPO is a disaster waiting to happen for your pension fund
#3> Shareholders will have no say in how the company is run. If and when he makes a mess of things, they will find it very hard to sue him because of various waivers. The board – that entity that is supposed to look out for shareholders - is loaded with Musk loyalists. Does anyone seriously believe that an independent board of investors can deliver better results than a founder? If you look at the companies that built…
I’d be genuinely curious about the data on this.
There are examples I can think of with a more traditional governance structure that did well: Apple, Amazon, Microsoft.
Re: SpaceX's IPO is a disaster waiting to happen for your pension fund
#4Why should people invest in SpaceX? Because they're going to be propped up by the US government for a long time. Nations need a way to get to space. SpaceX has launched more rockets than anyone in the last few years. Including 3x more than China's space agency.
Re: SpaceX's IPO is a disaster waiting to happen for your pension fund
#5> Shareholders will have no say in how the company is run. If and when he makes a mess of things, they will find it very hard to sue him because of various waivers. The board – that entity that is supposed to look out for shareholders - is loaded with Musk loyalists. Does anyone seriously believe that an independent board of investors can deliver better results than a founder? If you look at the companies that built…
Companies that are 80, 100, 200 years old or more have trouble with founders dying.
One of the disadvantages of relying on the founder is that founders die. If I'm trying to keep a fund going for the next 100 years, investing in a company that relies exclusively on a person who will be dead within 100 years seems problematic.
Re: SpaceX's IPO is a disaster waiting to happen for your pension fund
#6Why should people invest in SpaceX? Because they're going to be propped up by the US government for a long time. Nations need a way to get to space. SpaceX has launched more rockets than anyone in the last few years. Including 3x more than China's space agency.
I'm happy to tell you that Nations don't want to be dependent on the US government and Elon Musk.
So there is a big race to build the next SpaceX. And I can assure you building rockets isn't rocket science. Other companies will follow propped up by their governments.
Re: SpaceX's IPO is a disaster waiting to happen for your pension fund
#7Why should people invest in SpaceX? Because they're going to be propped up by the US government for a long time. Nations need a way to get to space. SpaceX has launched more rockets than anyone in the last few years. Including 3x more than China's space agency.
I'm happy to tell you that Nations don't want to be dependent on the US government and Elon Musk. So there is a big race to build the next SpaceX. And I can assure you building rockets isn't rocket science. Other companies will follow propped up by their governments.
> And I can assure you building rockets isn't rocket science.
Is this parody?
> Other companies will follow propped up by their governments.
It's cool to say but it hasn't happened. And rockets literally are, well, rocket science.
Re: SpaceX's IPO is a disaster waiting to happen for your pension fund
#8> Shareholders will have no say in how the company is run. If and when he makes a mess of things, they will find it very hard to sue him because of various waivers. The board – that entity that is supposed to look out for shareholders - is loaded with Musk loyalists. Does anyone seriously believe that an independent board of investors can deliver better results than a founder? If you look at the companies that built…
You're assuming cause and effect run in that direction, but arguably companies that do well are going to have stable leadership. Governance matters when things go of the rails. There is also the matter of how well these companies would have done with alternative leadership. They might be running well under capacity. Finally the stock prices are a terrible metric since they are based on sentiment. See various meme stocks.
Re: SpaceX's IPO is a disaster waiting to happen for your pension fund
#9Earlier quoted context omitted.
I'm happy to tell you that Nations don't want to be dependent on the US government and Elon Musk. So there is a big race to build the next SpaceX. And I can assure you building rockets isn't rocket science. Other companies will follow propped up by their governments.
> And I can assure you building rockets isn't rocket science. Is this parody? > Other companies will follow propped up by their governments. It's cool to say but it hasn't happened. And rockets literally are, well, rocket science.
Woosh
Re: SpaceX's IPO is a disaster waiting to happen for your pension fund
#10Earlier quoted context omitted.
I'm happy to tell you that Nations don't want to be dependent on the US government and Elon Musk. So there is a big race to build the next SpaceX. And I can assure you building rockets isn't rocket science. Other companies will follow propped up by their governments.
> And I can assure you building rockets isn't rocket science. Is this parody? > Other companies will follow propped up by their governments. It's cool to say but it hasn't happened. And rockets literally are, well, rocket science.
Flying rockets is rocket science. Building rockets is engineering.