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SpaceX isn't publicly traded, it already has no obligation to maximize profits. It is free to follow whichever goals Musk and the SpaceX investors set for the c
by wongarsu 2y ago
SpaceX isn't publicly traded, it already has no obligation to maximize profits. It is free to follow whichever goals Musk and the SpaceX investors set for the company.
So far those goals mostly involve building cash cows in service of financing even higher goals. I'm not sure if that goal is still Mars, but whatever it is they are reinvesting everything and regularly take in more investments
- snotrockets 2y agoA company is beholden to its shareholders. That the shareholder wants to make profits and funnel them to some other goal, is the same for non shareholders if they’d hoard that money like a dragon. If it’s for public benefit, than let the public decide what the benefit be.
- bitbangboom 2y agoI disagree with this line of thought. Spacex took a big risk to get to where they are, just because they happen to have pulled it off and it provides some “public benefit” doesn’t mean it should just be taken from them. And if it’s buy out that still doesn’t solve the problem because people value things completely differently. This stifles innovation and the willingness to take on risk for a reward down the road. If you actually pull it off and reach some level of “public benefit” it could just be taken from you. Is Amazons same day delivery of medications a “public benefit”?