11–20 of 66 posts
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From what I read, Musk doesn't want your money for SpaceX/Starlink precisely because he doesn't want the funds of the company to be chained to a public perception war that distracts him from running the company, like happened with Tesla during the doubtful years when half of the market was betting against him. Why take public funding when you can reap all the revenue directly?
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It sounds like you're upset that you're not considered an accredited investor - but even if you were, it's not like SpaceX would just give you some shares if you gave them $10M.
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The reality is that companies who can raise capital from top-tier investors will do that and not bother with what to them is chump-change - but the companies that can't raise capital from top-tier investors will definitely take your money and then proceed to lose it all.
[edit] The system we have right now is a pretty reasonable balance IMO and the bar has been going lower and lower over time as the $1M/$200K/yr limits aren't indexed to inflation.
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It sounds like you're upset that you're not considered an accredited investor - but even if you were, it's not like SpaceX would just give you some shares if you gave them $10M.
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At this scale if it's easy to raise $2B from 2-3 institutional investors you probably don't want to take money from 50,000 small investors.
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What makes you think Elon would take your money? Do you plan to email him? Why take a large number of small dollar checks from people who (as a group) don't know the first thing about private company investment when you can take a $100M check from one of a few funds and individuals who do? What specifically do you bring to the table that your $10K investment will make up for the administrative costs of having you on…
It is documented fact that SpaceX takes private investment.
It is also documented fact that the occupation regime has faux safety mechanisms designed to enrich their own at the expense of others.
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There are other (partly regulatory, partly logistical) reasons that companies don't like having extremely large cap sheets. At this scale if it's easy to raise $2B from 2-3 institutional investors you probably don't want to take money from 50,000 small investors.
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There are other (partly regulatory, partly logistical) reasons that companies don't like having extremely large cap sheets. At this scale if it's easy to raise $2B from 2-3 institutional investors you probably don't want to take money from 50,000 small investors.
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Because (a) you don't know Elon (b) you provide no value to them (c) at this stage they're not taking $10K checks from private investors because it would cost more to keep it on the cap table than it would benefit them and ...
Theres massive adverse selection bias. Good companies get significantly more value from raising a few small checks than they do from a ton of tiny ones from people without experience doing so or specific skills/connections. So the ones that can, will, and the bad companies that can't will come for the small time chumps. This played out in the early 1900s, and no, nothing's really changed.
Besides if Elon really wanted your $10K they could have raised via Reg CF (JOBS act 2012). However, they're actively choosing not to. And I keep using $10K as the number because honestly if you're writing a $100K check you're probably an accredited investor.
I was surprised to see this, because I thought a previous FCC regulatory decision limited Starlink terminals to being operational only when stationary. Some Googling revealed that the FCC reversed this in June of 2022. https://www.theverge.com/2022/6/30/23190463/spacex-starlink-...
A friend has regular "RV" starlink, and uses it all the time in motion strapped on top of his spare tire on the rear tailgate of his SUV. It works flawlessly.... except he's done a TON of off road driving on bad corrugations, which eventually killed it - I guess the internal motors are not designed for those kind of vibrations. SpaceX sent him a new dish free of charge.