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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

#21

Post by FireBeyond »

leonidasrup wrote: post #15
lava_pidgeon wrote: post #11

Earlier quoted context omitted.

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.

Even leaving aside the extremes of industrial espionage or "there's only so much you can learn from SpaceX TV", you can be sure that there are absolutely huge swathes of aerospace engineering education and commercially that are using a lot of SpaceX's work as a Cliff Notes of sorts to help improve their own odds.

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

#22

Post by nwah1 »

drak0n1c wrote: post #13
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.

A lot of founders are the cause of enshittification. In fact, most of the big names I can think of are.

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

#23

Post by xdavidliu »

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.

its not that they did not get your pun, its that they think building rockets is hard, and i tend to agree

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

#25

Post by transdev12 »

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…

[dead]

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

#26

Post by fsuts »

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.

Source of that valuation? As doubt its true

People in less wealthy countries will pay a cheaper sum than wealthier countries.

Also China is accelerating its own equivalent

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

#27

Post by NuclearPM »

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.

Bullshit

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

#28

Post by chadgpt3 »

ben_w wrote: post #20
peterlada wrote: post #19

Earlier quoted context omitted.

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.

Also given, you know, the politically motivated bans from that service.

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

#29

Post by Dig1t »

lava_pidgeon wrote: post #6
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.

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.

>I can assure you building rockets isn't rocket science.

This is mind bogglingly wrong.

“[Rocket Science] looks hard and is harder than it looks” is the classic line. Anyone in the industry will tell you how extremely difficult rockets are.

Look at Blue Origin, all the money in the world and it still blows up on the pad. Look at ULA, largest aerospace companies in the world with institutional aerospace talent, backed by nearly unlimited government funding and is nowhere near a reusable rocket, decades behind SpaceX.

You are letting politics blind you to reality.

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

#30

Post by Dig1t »

cyanydeez wrote: post #24

I already emailed my pension mangers to divest from the fascists (Easily identified by Trumps inaugural pphotos.

You should short the stock. If you think it’s a big scam and not actually worth being in the top 500 US companies, you could make a lot of money.
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