291–300 of 344 posts
This investment has never been secret. Google (now under parent company Alphabet) invested roughly $900 million as the majority of a ~$1 billion funding round alongside Fidelity Investments. This gave Google an initial equity stake of about 7–7.5% in SpaceX at a valuation of roughly $10–12 billion.
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Facebook would never have become what it is today if Zuck had lost control of the voting. It would have been sold 10 times over and prob not exist today. I suspect the same could be said for Mask and his businesses.
You’re saying this as if that wouldn’t have been a positive outcome
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With the serious lapses in governance being made by founders with these special shares, such as Musk and Zuckerberg, I wonder if the shares without these special rights will be substantially discounted. What rights do these other shareholders retain that would keep them valuable? Rights to compensation in the case of bankruptcy?
zuck for all his fault - he ain't a scammer or wannabe scammer. he might have a large miss with the metaverse, & maybe current a.i effort. but in terms of being ruthless with competition & acquiring competition he did his job well as CEO. musky on the other hand - overpromising and underdelivering.
I am short both Google and SpaceX RN; SpaceX's IPO smells foul. Google is an AI-bubble short; Anthropic and OpenAI haven't IPOed yet.
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With the serious lapses in governance being made by founders with these special shares, such as Musk and Zuckerberg, I wonder if the shares without these special rights will be substantially discounted. What rights do these other shareholders retain that would keep them valuable? Rights to compensation in the case of bankruptcy?
Facebook would never have become what it is today if Zuck had lost control of the voting. It would have been sold 10 times over and prob not exist today. I suspect the same could be said for Mask and his businesses.
instagram being a cheap tiktok clone is frankly an insult.
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These have become some of the most valuable companies on Earth. The idea that there are lapses in governance in these companies is insane. Any shareholder is buying in fully aware of the governance structure. Many because of it! Shareholders’ rights are clearly enumerated.
In the case of Spacex that's literally not the case, when private investors bought shares the company was already a decade old and had a single class of shares. It's only since the IPO that the company switched to a dual structure, multiple years after private investors bought in. And class-B shares have only been given to Elon and a few of his friends.
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I was primarily referring to the acquisition of musk's ai company. But the more general (and unfortunately widely accepted practice of) government contracting culture certainly applies to OpenAI and Anthropic as well. EDIT: cleaned up my comment; removed a more inflammatory claim about corruption in the private sector.
Who has delivered better value for money on government contracts than SpaceX?
We cannot answer this question without completely rearranging how we grant contracts. It doesn't matter: any single provider of a service will fuck us over. Even fucking libertarians can see this
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You can buy IVV instead and get the same exposure but this time you get to vote. Or you could just not own spy and buy the shares individually.
What 401k program do you or your peers have that allows you to buy funds outside of the few, selected by the 401k manager? I certainly can't buy individual shares in my 401k program. And very, very few programs I'm aware of ever offered that as an option.
You can have a 401(k) without your employer. My wife has one and can buy and sell any stocks she wants.
I am short both Google and SpaceX RN; SpaceX's IPO smells foul. Google is an AI-bubble short; Anthropic and OpenAI haven't IPOed yet.
Google makes money hand over fist and they don’t have enough things to spend it on. AI is a natural fit for them to burn all their profits into. Gemini’s integration is, I think, absolutely awesome - it’s completely changing the way I interact with the concept of googling and finding answers, and is free of sign ups or purposeful interactions with the likes of ChatGPT or Claude where you know you’re AI-ing. So your s…
elon whom you gave your money to will still be a disgusting creature
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The companies you listed have great synergy with Google's core business. What's Google's play with SpaceX? Data centers in space?
YouTube is probably one of the few companies that could benefit from data centers in space. Rather than co-locating media servers into ISPs you can stick them into space so they're just closer. Space in NYC isn't cheap. Space in space is free.
Most people in the developed world are probably under 500km away from the nearest data centre, with most connections being established over fibre.
A space DC would require wireless communications, over longer distances. The latency is higher. Not to mention, Jitter, Latency and Packet Loss are pretty consequential to video streaming, specifically real time or live broadcasts.