Given all the other underhanded, unethical, fraudulent public statements that Elon has made in the last few years, in order to manipulate the value of his companies and their stocks (e.g. falsely...
Given all the other underhanded, unethical, fraudulent public statements that Elon has made in the last few years, in order to manipulate the value of his companies and their stocks (e.g. falsely claiming he could take Tesla private again, spreading COVID misinformation and refusing to adhere to public health measures in order to keep Tesla's factories running, polling twitter over whether he should sell 10% of his Telsa stocks, etc.), I am taking these new statements with a gigantic pile of salt. The man is a sociopathic, egomaniacal, manipulator, and I don't trust a damn thing he says anymore.
SpaceX is private, so I don't think it's stock manipulation this time. And it doesn't seem that misleading since he says that the possibility of bankruptcy is remote. Also, in general, admitting...
SpaceX is private, so I don't think it's stock manipulation this time. And it doesn't seem that misleading since he says that the possibility of bankruptcy is remote.
Also, in general, admitting to unlikely worst-case scenarios is pretty routine in business. For example, see the "risk factors" section of any IPO.
So this story seems like an amplification of a fairly unremarkable "rally the troops" style corporate email that wouldn't be news except that everything Musk does is news.
We don't know their finances but they are spending like mad and it's likely to be unsustainable. I would guess that the core business is profitable enough that they could survive if they cut way back on R&D, which would probably mean layoffs. That's a bad scenario for employees even if it's not bankruptcy.
(In general, though, yeah, you can't trust Musk. He says stuff for the lulz.)
Yeeeeah, I don't think rocket man is going to give up his dream just because the free market isn't funding it. Worst comes to worst, we'll have to remake the Raptor engine to accept dollar bills...
Yeeeeah, I don't think rocket man is going to give up his dream just because the free market isn't funding it. Worst comes to worst, we'll have to remake the Raptor engine to accept dollar bills as fuel. Then Elon can just buy his way out of any SpaceX trouble.
I doubt he's really that worried considering his wealth increased significantly during COVID. At this point, SpaceX will never go full chapter 7 because Musk will be able to just bail out the...
I doubt he's really that worried considering his wealth increased significantly during COVID. At this point, SpaceX will never go full chapter 7 because Musk will be able to just bail out the company with his own money.
It's frustrating though, because on one hand I'd say he's within his rights to be annoyed at the profitability of his business, and he is a public figure so it's not unreasonable for people to ask him questions about that. But yeah, all his public statements about his businesses are thinly veiled attempts at market manipulation. Really wish people would just stop caring about him and giving him attention, he's not some great visionary and he's terrible to work for. Even if he did achieve his goals of space colonization, I shudder at what that future would look like.
Given all the other underhanded, unethical, fraudulent public statements that Elon has made in the last few years, in order to manipulate the value of his companies and their stocks (e.g. falsely claiming he could take Tesla private again, spreading COVID misinformation and refusing to adhere to public health measures in order to keep Tesla's factories running, polling twitter over whether he should sell 10% of his Telsa stocks, etc.), I am taking these new statements with a gigantic pile of salt. The man is a sociopathic, egomaniacal, manipulator, and I don't trust a damn thing he says anymore.
SpaceX is private, so I don't think it's stock manipulation this time. And it doesn't seem that misleading since he says that the possibility of bankruptcy is remote.
Also, in general, admitting to unlikely worst-case scenarios is pretty routine in business. For example, see the "risk factors" section of any IPO.
So this story seems like an amplification of a fairly unremarkable "rally the troops" style corporate email that wouldn't be news except that everything Musk does is news.
We don't know their finances but they are spending like mad and it's likely to be unsustainable. I would guess that the core business is profitable enough that they could survive if they cut way back on R&D, which would probably mean layoffs. That's a bad scenario for employees even if it's not bankruptcy.
(In general, though, yeah, you can't trust Musk. He says stuff for the lulz.)
Yeeeeah, I don't think rocket man is going to give up his dream just because the free market isn't funding it. Worst comes to worst, we'll have to remake the Raptor engine to accept dollar bills as fuel. Then Elon can just buy his way out of any SpaceX trouble.
I doubt he's really that worried considering his wealth increased significantly during COVID. At this point, SpaceX will never go full chapter 7 because Musk will be able to just bail out the company with his own money.
It's frustrating though, because on one hand I'd say he's within his rights to be annoyed at the profitability of his business, and he is a public figure so it's not unreasonable for people to ask him questions about that. But yeah, all his public statements about his businesses are thinly veiled attempts at market manipulation. Really wish people would just stop caring about him and giving him attention, he's not some great visionary and he's terrible to work for. Even if he did achieve his goals of space colonization, I shudder at what that future would look like.