• Burninator05@lemmy.world
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    2 days ago

    …sets up Musk for extraordinary wealth.

    Is that compared to now when he is already worth more than what a thousand people could spend in a thousand years?

    • GalacticSushi@piefed.blahaj.zone
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      2 days ago

      Elon Musk has an estimate net worth over 800 billion dollars. If you were an immortal born in the year 1AD, earned $1,000,000 every single day and never spent a single cent you would still not be as wealthy as him. There is absolutely no justification for any single human being to have that much money.

      • Fishnoodle@lemmy.world
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        2 days ago

        Fucking nations don’t even have that money.

        I think that once you have that much money, you should be treated as a foreign nation. You should have to negotiate treaties and usage contacts for everything, you can be sanctioned, embargoed, have war declared on you, etc.

        Or if you just want to be a rich US citizen, pay your fucking taxes

    • nosuchanon@lemmy.world
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      1 day ago

      Every single person with a retirement fund that invests in index funds will be forced to buy into it.

      They change the listing rules from a minimum of three months of trading on the open market to 15 days. There is no discovery, and Elon Musk already set the initial opening price at $135.

      These are highly unusual circumstances. Genuinely curious if open AI and anthropic follow the same model, forced adoption of their IPO into index funds.

      I think there was recently a video of Larry Fink saying how AI is going to be funded by everyone’s retirement and pension fund so this seems to be the obvious test run. Wall Street will mint the first trillionaire and steal everyone’s retirement to pay for AI surveillance data centers in the name of safety security and technological advancements that our military industrial complex can more efficiently and without any morals kill everyone they don’t like all over the world.

  • Echo Dot@feddit.uk
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    2 days ago

    It’s kind of difficult to value SpaceX because while they definitely have achieved quite a lot it’s difficult to really make an accurate prediction of future success because we don’t really have anything to base their business model on.

    Pretty much every other space company is way behind SpaceX, I don’t think Boeing never had a successful mission yet.

  • tacosanonymous@mander.xyz
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    2 days ago

    Why, though? They’re just siphoning off tax dollars to recreate the explosive failures of 1960’s space race.

    • Echo Dot@feddit.uk
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      2 days ago

      I don’t actually mind SpaceX as much as I object to say Tesla because Musk isn’t really involved in its leadership. I know it’ll make him money but at least the company is actually doing something useful.

  • Fishnoodle@lemmy.world
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    2 days ago

    Hey anyone want to invest in a giant shit show that explodes rockets all the time and has a CEO that will steal any profit the company actually makes? Come on… It’s overpriiiicccceeedd