Comment by TacoCommander
Comment by TacoCommander 3 days ago
The end game is the SpaceX IPO which will make him a trillionaire, and then he doesn't need Tesla any more.
Comment by TacoCommander 3 days ago
The end game is the SpaceX IPO which will make him a trillionaire, and then he doesn't need Tesla any more.
Regular IPOs usually have commitments from pension funds, mutual funds, private equity firms and other institutional investors secured in advance of going public. How many of those parties would be interested considering that SpaceX really only has one main customer whose business isn't guaranteed considering his political partisanship?
Their main customer is Starlink and it will continue to be cash printing machine.
Their second customer is the Federal government and SpaceX has a monopoly on cheap reliable fast launch services that will overcome most politics. Even EU companies and Amazon and OneWeb have been forced to use them because there is no better option.
Or the Boring Company which most people have also completely forgotten about.
Not in principle, mind you.
It's just that the company has stalled every major project they started, and, so far, completed a rather shitty an uninspiring one in Vegas that has no reason to exist in the first place (it's subway but with Teslas instead of trains).
Its only purpose is to prevent the money from being spent on viable public transportation projects, and in that sense, it's very interesting that it got so far.
Or, digging tunnels is a lot harder than expected and there have been no big technical leaps to change that. The idea is great, but only if the cost goes down and digging speed goes up by a lot.
I assume you got a cut of the $23bn my state took with the promise of a high-speed rail, which afaik is the only "viable(?!)" transportation project that could have been affected by this, or you just hate subways/subterranean transportation progress?
Not to mention that keep getting fined for improper disposal of waste material. Just dumping tunneling fluid into the sewer.
He barely needs Tesla now, pretty much the only thing stopping electric cars from being ubiquitous are people in politics and media. The new mission statement is just to make everything for everyone, which I guess solves the people-on-earth problems he wanted to tackle. Next is a push for Mars (which again is mostly threatened by some politicians at this point).
Indeed.
SpaceX in Merger Talks with xAI - https://news.ycombinator.com/item?id=46814701 - January 2026