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Unlike Tesla, Spacex is not a threat to any other publicly traded company AFAIK. So the barrage of negativity will be minimal. For every incompetent investor wh
by deepGem 9y ago
Unlike Tesla, Spacex is not a threat to any other publicly traded company AFAIK. So the barrage of negativity will be minimal.
For every incompetent investor who comes on board, you'll have a great investor who'll trust you. This is the case in Tesla too. I mean, the odds that most of your investors will be incompetent is fairly low.
It's not that much of a time sink, if you are running just one public company. Running two is a miracle. Jack Dorsey is doing it, so I wouldn't put it past Elon.
All said and done, given a choice, Musk will keep Spacex private forever.
- Ntrails 9y ago> For every incompetent investor who comes on board, you'll have a great investor who'll trust you. Incompetence is blind trust. A good investor actually cares about the performance of the companies in which they invest - and that includes its ability to realistically project and meet those projections. A CEO who promises the moon on a stick and delivers little is not doing his job well. I am a fan of Elon, but you can't take a whole heap of money and then complain that people are interested. As people have said, you can avoid this obligation to your shareholders by not having any.
- deepGem 9y agoA CEO who promises the moon on a stick and delivers little is not doing his job well But Elon is not promising the moon. He is very clear when he states his goals, that these goals are very ambitious goals and that the probability of meeting them is fairly low.