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

paulkrugman.substack.com

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

#91

Post by tim333 »

bix6 wrote: post #23

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.

The tech is kind of cool - cars that do 0-60 in ~2 seconds, reusable rockets etc. And back to trying to make cool things. I was around during the Space Shuttle era when it seemed things had been reduced to stuff that sort of worked and cost 5x what it should due to all the companies and politicians wanting their profits. It was a bit depressing.

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

#92

Post by iknowstuff »

toomuchtodo wrote: post #60
iknowstuff wrote: post #57

Earlier quoted context omitted.

BYD sells fewer BEVs than Tesla globally. Their large numbers stem from hybrids. They also grew long after Tesla established EVs as a viable market. You're misinformed.

BYD continues to expand faster than Tesla. If you’re focused on anything other than rate of change, you’ve missed the mark. They intend to be the biggest global automaker in five years, and their trajectory to get there is clear. Tesla isn’t going away, but it isn’t ever going to be a giant in the industry anymore. Their maximum output is ~2M/units/year, which BYD already easily exceeds while continuing to scale. Is…

Uh, yeah, but nobody’s talking about the future, but rather whether or not Tesla had a significant impact on electrification of the industry. And the verdict is: yes, they did.

Tesla is in fact finishing assembly lines for cybercabs and tesla semis fyi. No other 500mi BEV semi exists.

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

#93

Post by tim333 »

CodingJeebus wrote: post #34

The SpaceX IPO prospectus states that the company is targeting a TAM of $28.5T, equal to roughly a quarter of the world's gross economic output. Patrick Boyle said it best. Roughly 1 billion people on the planet make more than $12k annually (folks with "discretionary" income). Divide that TAM of $28.5T by 1B and the every single person needs to give SpaceX ~$28.5K every year forever in order for that figure to make s…

That's not quite right. TAM is the total addressable market so if SpaceX's share of that is 10% in means they'd have to give SpaceX $2.85K every year forever.

To sane wash things a bit, the assumption, I guess, is AI will surpass human level and so increase world GDP.

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

#94

Post by tristanj »

verzali wrote: post #90
tristanj wrote: post #80

Earlier quoted context omitted.

Elon is clearly highly technical as demonstrated by the Starbase interviews by Everyday Astronaut https://www.youtube.com/playlist?list=PLStF4EoZOEFJ6xDx656Ik... You can pick any video and see this for yourself.

Wasn't the orginal point that he sounds highly technical to people that don't understand the field well?

Elon Musk is the chief engineer of SpaceX. If you don't believe this, I'm not sure what to tell you. It's extremely well documented. https://erik-engheim.medium.com/is-elon-musk-just-a-sales-gu...

You can watch the playlist linked above to verify this for yourself. Tim Dodd asks Elon deeply technical questions about Starship and Elon explains the design rationale and tradeoffs behind each of them.

In one of the videos Elon walks around Super Heavy booster with Joe Petrzelka, Head of Booster Engineering at SpaceX, and they take turns explaining the technical details of how the ship works.

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

#95

Post by cosmicgadget »

jazz9k wrote: post #72
jordanb wrote: post #22

Earlier quoted context omitted.

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.

What I think is funny is that Steve Jobs also had very little technical knowledge and was just as much of an asshole, yet he's worshipped in the tech community. The only reason comments like yours are being made is because of Musk's politics. He was also loved in the Tech community, before supporting Trump. Musk doesn't have to be a 'real engineer'. Most 'real engineers' would obsess over mundane details and rarely t…

For people outside the Apple bubble, Jobs is disliked for perpetuating the Apple walled garden and contempt for its users.

Elon would have gotten there with his inability to deliver on promises but he found his political cash cow first.

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

#96

Post by myvoiceismypass »

maxdo wrote: post #21

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…

AWS powers a significant portion of the websites in the world

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

#97

Post by myvoiceismypass »

apparent wrote: post #70
tastyface wrote: post #68

Earlier quoted context omitted.

Nate Silver with the receipts: https://www.natesilver.net/p/social-media-has-become-a-freak... Most of the top engagement on Twitter comes from the right.

> It’s not hard to notice that Twitter has become extremely right-leaning. This is very different from X is "an extreme-right, Nazi-friendly cesspool".

Try signing up as a new user and see what your new default follows are...

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

#98

Post by myvoiceismypass »

starik36 wrote: post #64
throw0101c wrote: post #45

Earlier quoted context omitted.

> guy who predicted that the internet would be a flop 1. If you actually read the Snopes article, you'll see that his 1998 "prediction" was actually a humorous take on the Information Superhighway hoopla what was going on at the time. 2. Something else he wrote in 1998, in more serious matter, has been widely cited and was very important in the post-GFC world: https://www.brookings.edu/wp-content/uploads/1998/06/1998…

You should probably read the snopes article, because nowhere in it does it say that it was a humorous take on the Information Superhighway hoopla. You are spreading lies. Easily checked lies.

Please read up on the concept of "Controversial" or "Hot" takes.

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

#99

Post by oska »

jazz9k wrote: post #72
jordanb wrote: post #22

Earlier quoted context omitted.

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.

What I think is funny is that Steve Jobs also had very little technical knowledge and was just as much of an asshole, yet he's worshipped in the tech community. The only reason comments like yours are being made is because of Musk's politics. He was also loved in the Tech community, before supporting Trump. Musk doesn't have to be a 'real engineer'. Most 'real engineers' would obsess over mundane details and rarely t…

> yet he's worshipped in the tech community

Maybe for those who are younger and who mostly know of Jobs posthumously but Jobs was a highly polarising figure through the 80s, 90s and 2000s and there were many ppl who would never buy any Apple product because of the Jobs personality behind it (including when Jobs wasn't actually in charge; it was still a company built in his "Walled Garden + Salesman Hype" image)

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