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Under the terms set out in SpaceX's filing, Musk commands a supermajority of voting shares — more than 80% — and retains the right to sign off even on any board action that could result in his ouster.
So now that Tesla is clearly crashing, fold it into the more successful SpaceX and get to roll the dice again? Classic Elon. This is the same thing that he did to rescue a failing Solar City by making it part of Tesla. It takes a lot to get where Elon is. But it also takes a willingness to double down over and over again on big bets. And he himself will be the first to admit that the most likely outcome of his strate…
Look at how many fuck ups there are with basically no repercussions; the dude is still rich. Is any more proof needed that if you ride the coat tails of real engineers and have a propensity for screwing other people over that that is what success really is for a lot of people in business? Just look to the number of huge companies with founding members or integral early members being forced out just as things are gett…
I read something that put it into perspective for me. Musk's current net worth is ~ $1 trillion. He could mess up and destroy 99% of his wealth and he would still be worth $10 billion.
If he did something stupid again and lost 99% of the remaining 1%, he would still be worth $100 million.
It would take him screwing up a third time and losing 99% once again to be down to a middle-class net worth of $1 million.
It would be like Samsung: Samsung does semiconductors, smartphones, displays, TVs, appliances, batteries, shipbuilding, construction, insurance, hotels, and even theme parks.
[1] https://davidoks.blog/p/why-japanese-companies-do-so-many
So now that Tesla is clearly crashing, fold it into the more successful SpaceX and get to roll the dice again? Classic Elon. This is the same thing that he did to rescue a failing Solar City by making it part of Tesla. It takes a lot to get where Elon is. But it also takes a willingness to double down over and over again on big bets. And he himself will be the first to admit that the most likely outcome of his strate…
> There's no question that there are synergies between Tesla and SpaceX in our futures," she said. "There's a convergence of what we're all trying to accomplish in the future." Accomplish a ludicrous valuation above all else?
Yeah I'm definitely questioning what synergies there are between Tesla and SpaceX. What do electric cars and rockets have in common? Are they going to me a rocket powered car? Put a Tesla on the moon? The only thing I can think that makes any sense at all is Teslas coming with Starlink terminals built in. That seems like a stretch though.
So I guess the "Musk plays 4d chess" view would be that there are obvious synergies between humanoid robots and AI.
Ugh. Honestly, that makes it seem worse than the purely cynical financial engineering takes.
So now that Tesla is clearly crashing, fold it into the more successful SpaceX and get to roll the dice again? Classic Elon. This is the same thing that he did to rescue a failing Solar City by making it part of Tesla. It takes a lot to get where Elon is. But it also takes a willingness to double down over and over again on big bets. And he himself will be the first to admit that the most likely outcome of his strate…
Look at how many fuck ups there are with basically no repercussions; the dude is still rich. Is any more proof needed that if you ride the coat tails of real engineers and have a propensity for screwing other people over that that is what success really is for a lot of people in business? Just look to the number of huge companies with founding members or integral early members being forced out just as things are gett…
I get it. I know how much people want to hate him. And how much fuel he has given for that.
But he's very talented, and really puts in the work. According to people I personally know who work with him closely, he's the real deal.
Doesn't stop him from being an asshole. But you get the bad with the good.
The merge could be named Musk Industries, quite fitting considering his hubris and association with comic books.
Earlier quoted context omitted.
They relaxed the rules for SpaceX already, it's in almost immediately the IPO
S&P rejected SpaceX.
Nice!