6 ms·

Musk doesn't attract talent - the wealth does that, Elon himself is a negative.

dotnet00 4y ago
Yes, clearly that's why SpaceX was successful in an industry where the adage was "How do you become a millionaire in aviation? Start with a billion!".
- game-of-throws 4y ago
  Has SpaceX disclosed whether they're profitable or still burning investor money?
  - dotnet00 4y ago
    They obviously aren't profitable right now since they're working on two megaprojects simultaneously, but the Falcon 9 program is obviously profitable and clearly successful given their flight rate and economics.
- Kukumber 4y ago
  SpaceX is not successful as an industry It is a government funded project at this point
  - dotnet00 4y ago
    Most of SpaceX's funding as well as most of their launches are private.
    - Kukumber 4y ago
      Weird my comment mentioning the source got removed, it was just a link so maybe it got detected as spam Here is the link of the article: https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12?r=US&IR=T https://www.businessinsider.com/elon-musk-list-government-su... You have to be curious about who are their customers https://arstechnica.com/science/2022/07/will-the-ukraine-war-force-esa-to-pass-on-arianespace-use-spacex/ https://arstechnica.com/science/2022/07/will-the-ukraine-war... The EU coming to subsidize them even more And the fact that they are not profitable says it all
      - dotnet00 4y ago
        >Here is the link of the article: https://www.businessinsider.com/elon-musk-list-government-su https://www.businessinsider.com/elon-musk-list-government-su... Business Insider is well known for twisting things to fit their biases. Case in point, the first two items on that list are the equivalent of the government paying a pen company to provide them with pens after determining that said company was the best one to supply them. Relating to SpaceX, the only 'real' subsidy there is the $15 million towards Boca Chica. Although they've paid twice that in donations to local schools there. >You have to be curious about who are their customers >https://arstechnica.com/science/2022/07/will-the-ukraine-war https://arstechnica.com/science/2022/07/will-the-ukraine-war... >The EU coming to subsidize them even more Same here, they'd be paying for the service of launching a payload on a SpaceX rocket. Should SpaceX just not do business with governments? They happen to be one of the few people with a reliable rocket available right now that has a short enough lead time. >And the fact that they are not profitable says it all Again, dishonest take. They're building technologies with high setup costs, of course they aren't taking profits, they're taking all the money made from Falcon 9 and Falcon Heavy and putting it back into Starship and Starlink. Edit: Oh and of course none of the government money mentioned there accounts for the majority of their funding, which at the moment is largely driven by private funding rounds (because contrary to your biases, investors can see SpaceX's success and potential for even bigger successes) and previous F9 related profits.
  - borissk 4y ago
    - Kukumber 4y ago
      Wtf, that's not Putin propaganda You just have to get curious about who their customers are https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12?r=US&IR=T https://www.businessinsider.com/elon-musk-list-government-su...

Yes, clearly that's why SpaceX was successful in an industry where the adage was "How do you become a millionaire in aviation? Start with a billion!".

game-of-throws 4y ago
Has SpaceX disclosed whether they're profitable or still burning investor money?
- dotnet00 4y ago
  They obviously aren't profitable right now since they're working on two megaprojects simultaneously, but the Falcon 9 program is obviously profitable and clearly successful given their flight rate and economics.
Kukumber 4y ago
SpaceX is not successful as an industry It is a government funded project at this point
- dotnet00 4y ago
  Most of SpaceX's funding as well as most of their launches are private.
  - Kukumber 4y ago
    Weird my comment mentioning the source got removed, it was just a link so maybe it got detected as spam Here is the link of the article: https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12?r=US&IR=T https://www.businessinsider.com/elon-musk-list-government-su... You have to be curious about who are their customers https://arstechnica.com/science/2022/07/will-the-ukraine-war-force-esa-to-pass-on-arianespace-use-spacex/ https://arstechnica.com/science/2022/07/will-the-ukraine-war... The EU coming to subsidize them even more And the fact that they are not profitable says it all
    - dotnet00 4y ago
      >Here is the link of the article: https://www.businessinsider.com/elon-musk-list-government-su https://www.businessinsider.com/elon-musk-list-government-su... Business Insider is well known for twisting things to fit their biases. Case in point, the first two items on that list are the equivalent of the government paying a pen company to provide them with pens after determining that said company was the best one to supply them. Relating to SpaceX, the only 'real' subsidy there is the $15 million towards Boca Chica. Although they've paid twice that in donations to local schools there. >You have to be curious about who are their customers >https://arstechnica.com/science/2022/07/will-the-ukraine-war https://arstechnica.com/science/2022/07/will-the-ukraine-war... >The EU coming to subsidize them even more Same here, they'd be paying for the service of launching a payload on a SpaceX rocket. Should SpaceX just not do business with governments? They happen to be one of the few people with a reliable rocket available right now that has a short enough lead time. >And the fact that they are not profitable says it all Again, dishonest take. They're building technologies with high setup costs, of course they aren't taking profits, they're taking all the money made from Falcon 9 and Falcon Heavy and putting it back into Starship and Starlink. Edit: Oh and of course none of the government money mentioned there accounts for the majority of their funding, which at the moment is largely driven by private funding rounds (because contrary to your biases, investors can see SpaceX's success and potential for even bigger successes) and previous F9 related profits.
- borissk 4y ago
  - Kukumber 4y ago
    Wtf, that's not Putin propaganda You just have to get curious about who their customers are https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12?r=US&IR=T https://www.businessinsider.com/elon-musk-list-government-su...