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SpaceX's IPO is a disaster waiting to happen for your pension fund

irishtimes.com

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Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#11

Post by lava_pidgeon »

dismalaf wrote: post #7
lava_pidgeon wrote: post #6

Earlier 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.

It does currently happen. In Germany alone there are 3 rocket companies + 1 space vehicle based on governmental programs. You can ask chatgpt for other projects.

And yes, my pun which you didn't get just says: Building rockets isn't hard.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#12

Post by physPop »

bko wrote: post #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…

Thats the definition of cherry picking and survivorship bias

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#13

Post by drak0n1c »

bko wrote: post #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…

Correct, everyone complains about "enshittification" but they fail to recognize that the most egregious cases occur when a company with a dedicated founder/leader transitions to rule by committee.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#14

Post by altmanaltman »

bko wrote: post #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…

Alphabet owns Google, why did you list them seperately? Why is Microsoft not included? Why is Apple not included?

Pretty insane to then claim the article is non sensiscal.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#15

Post by leonidasrup »

lava_pidgeon wrote: post #11
dismalaf wrote: post #7

Earlier quoted context omitted.

> 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.

It does currently happen. In Germany alone there are 3 rocket companies + 1 space vehicle based on governmental programs. You can ask chatgpt for other projects. And yes, my pun which you didn't get just says: Building rockets isn't hard.

Building large payload cheap dependable rockets capable of reaching orbit with high probability is hard.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#16

Post by xdavidliu »

verzali wrote: post #10
dismalaf wrote: post #7

Earlier quoted context omitted.

> 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.

this comment is nonsensical

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#19

Post by peterlada »

dismalaf wrote: post #4

Why 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.

Having a global internet service with at cost launch prices is about 3-8 trillion dollar business. That's one product line at Space X.

Re: SpaceX's IPO is a disaster waiting to happen for your pension fund

#20

Post by ben_w »

peterlada wrote: post #19
dismalaf wrote: post #4

Why 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.

Having a global internet service with at cost launch prices is about 3-8 trillion dollar business. That's one product line at Space X.

Only if the world doesn't regard the owner of said telecoms service as a political security risk. Tricky sell given increasing distrust of globalisation and the new trend of sovreign-shoring.
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