With Wall Street’s help, you’re about to be forced to buy stock in SpaceX • Hacker News Board

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#21

Post by maxdo » Wed, Jun 17, 2026, 8:39 PM UTC

He revolutionized car and rocket industry , internet industry , military industry in a very dramatic obvious way. Now grab let’s say Amazon what did they revolutionize? Yeah they do deliver to you goods from China and help you to tend hardware with some decent soft on it .

You can twist it both ways. He has a bravery to take on super complex tasks. You might not like him personally but this is so much aspiring vs see on that list of richest people folks that sell shirts and pants or telco guy .

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#22

Post by jordanb » Wed, Jun 17, 2026, 8:39 PM UTC

WarmWash wrote: post #7

If you listen to Elon speak, and you don't have much technical knowledge, or even maybe have some mild technical knowledge, Elon really sounds like he knows what he is doing and has very high confidence he can execute it. He can very non-nonchalantly rattle off a plan to pull off the impossible like it's no big deal. And he does have some significant achievements under his belt, but quite a bit easier things than wha…

It's funny he's only able to do that because he has so little real technical understanding. A real engineer wouldn't be so flippant.

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#23

Post by bix6 » Wed, Jun 17, 2026, 8:39 PM UTC

It’s hard to imagine it all crashing down for him tbh. He has so many ways to conjure money and his mafia has immense resources. Why people love him so much I will never understand.

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#24

Post by BoggleOhYeah » Wed, Jun 17, 2026, 8:39 PM UTC

goldenshale wrote: post #11

I used to respect Krugman, but as time has gone on he seems like yet another New York Times style leftist monkey just whining about people they have disagreements with. Pushing the frontiers of science and technology is an unknowable endeavor for which accurate predictions can never be made unless they are not really pushing the limits. It's attitudes like this which restrict us from actually doing real R&D, and inst…

“Hey kids. Morality doesn't exist as long as you make enough people money.”

You people are nothing but whores. You can dress it up in some kind of utopian futurism but no one with a brain buys it.

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#25

Post by [deleted] » Wed, Jun 17, 2026, 8:39 PM UTC

WarmWash wrote: post #7

If you listen to Elon speak, and you don't have much technical knowledge, or even maybe have some mild technical knowledge, Elon really sounds like he knows what he is doing and has very high confidence he can execute it. He can very non-nonchalantly rattle off a plan to pull off the impossible like it's no big deal. And he does have some significant achievements under his belt, but quite a bit easier things than wha…

[deleted]

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#26

Post by CGMthrowaway » Wed, Jun 17, 2026, 8:40 PM UTC

kklisura wrote: post #10

iknowstuff wrote: post #3

[flagged]

Judging by his net worth he hasn’t done anything for us, he did it all for himself

How do you figure? Trying to understand and hoping you can walk through your logic

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#27

Post by CGMthrowaway » Wed, Jun 17, 2026, 8:41 PM UTC

WarmWash wrote: post #19

apparent wrote: post #13

Earlier quoted context omitted.

The reason he has money is because he built products and services that people willingly exchanged their money for.

While true, his wealth is 99% speculative. Elon has a closed box that he has successfully convinced a lot of people that there is a lot of money inside, and sold them small stakes in the contents, and promised year after year for 10+ years that this will be the year he opens it.

So the people who lament that he is a trillionaire have nothing to worry about then. It is just paper "wealth" that the market will pull back down to earth

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#28

Post by budsniffer952 » Wed, Jun 17, 2026, 8:41 PM UTC

apparent wrote: post #13

kklisura wrote: post #10

Earlier quoted context omitted.

Judging by his net worth he hasn’t done anything for us, he did it all for himself

The reason he has money is because he built products and services that people willingly exchanged their money for.

Such a boring statement.

Many people have built products used by far more people, that have generated far more utility, and accumulated far less personal wealth. These things aren't connected.

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#29

Post by volkk » Wed, Jun 17, 2026, 8:41 PM UTC

throw0101c wrote: post #18

iknowstuff wrote: post #3

[flagged]

> I know right! Except for […] You mean like Krugman recognizes in this paragraph: > Granted, Musk has had some real successes. Tesla was ahead of the EV curve, and Starlink is a critically important service as well as a viable business. Krugman's hypothesis is in the very next paragraph: > But these achievements weren’t enough to make Musk the world’s richest man. His wealth has, instead, historically rested mainly…

[flagged]

Re: With Wall Street’s help, you’re about to be forced to buy stock in SpaceX

#30

Post by selectively » Wed, Jun 17, 2026, 8:41 PM UTC

apparent wrote: post #13

kklisura wrote: post #10

Earlier quoted context omitted.

Judging by his net worth he hasn’t done anything for us, he did it all for himself

The reason he has money is because he built products and services that people willingly exchanged their money for.

[dead]