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It’s not SpaceX’s fault. It’s still a company to admire, it’s just that nobody appears to be able to stop Musk. I wonder why SpaceX investors aren’t revolting.
by stingraycharles 9mo ago
It’s not SpaceX’s fault. It’s still a company to admire, it’s just that nobody appears to be able to stop Musk.
I wonder why SpaceX investors aren’t revolting.
- deleted 9mo ago[deleted]
- jacquesm 9mo agoI wonder why the SpaceX top management is going along with this. It's clearly not in their long term interest to do so.
- stingraycharles 9mo agoFrom what I understand, Musk owns 42% of the company and nearly 80% of the voting rights, so I guess that answers the question. I guess this is the price you pay for buying shares with less voting rights.
- el_nahual 9mo ago> I wonder why SpaceX investors aren’t revolting. Because if SpaceX were valued like a normal company, they would lose their money. SpaceX, as technologically awesome as it is, simply cannot be that big of a company because the market for space launches is relatively small. SpaceX is targeting an IPO at a valuation 500x earnings. They need to jump on the "AI" / datacenter bandwagon to even hope to sell that kind of valuation. The whole "datacenters in space" thing is an answer to the question "what could require 1000x the satellite launches that we have now?" It has nothing to do with what makes sense economically for datacenters!
- garbawarb 9mo agoTheir CEO is revolting.