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The real reason is, Elon has SpaceX and xAI. He can create an illusion of synergy and orders of magnitude advancements to boost the market cap and pocket all th
by bgnn 8mo ago
The real reason is, Elon has SpaceX and xAI. He can create an illusion of synergy and orders of magnitude advancements to boost the market cap and pocket all the money. He realized long time ago you don't need to deliver to play the market cap game, in fact it's better if you are selling a story far in the future rather than a something you can deliver now.
- andruby 8mo agoexactly. This smells like a way to boost the SpaceX IPO to meme-stock premiums
- disgruntledphd2 8mo agoI mean, personally I'd probably have invested in SpaceX but it's a hard no with xAI attached. I'm probably an outlier though.
- UltraSane 8mo agoThat seems to be exactly what the goal is.
- jstummbillig 8mo agoI don't understand the claim. SpaceX is literally delivering? And I don't think there is any delusion about that being optional.
- davidguetta 8mo ago[flagged]
- adammarples 8mo agoThe wild claim is that they will deliver data centres in space
- mortarion 8mo agoYeah, delivering using Falcon 9. The Starship stack? Not so much. It's plagued, and will continue to be plagued, by endless problems. BO will beat them with NG.
- davidguetta 8mo ago[flagged]
- theshrike79 8mo ago[flagged]
- davidguetta 8mo ago[flagged]
- tomhow 8mo agoPlease stop posting these throwaway, sneering replies, no matter how bad the comment you're replying to. Just downvote it, and if you must comment, do so substantively. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- theshrike79 8mo agoSource: this HN comment from 2022: https://news.ycombinator.com/item?id=34012719 https://news.ycombinator.com/item?id=34012719
- blockmarker 8mo agoYeah yeah, the person you dislike is stupid and the success of his multiple companies is just luck and everybody else does the work.
- theshrike79 8mo agoI’m not the source of this information: https://news.ycombinator.com/item?id=34012719 https://news.ycombinator.com/item?id=34012719
- UltraSane 8mo agoThe product Elon has been most directly involved in is the Cybertruck which is a complete disaster. When talking about Elon you have to specify pre drug addict Elon and ketamine fried brain Elon. The latter makes very bad decisions.
- dubeye 8mo agoboth can be true, he can excel at 'narrative' and also deliver me my Tesla and my starlink, it's not either or
- rob74 8mo agoOk, he delivered your Tesla and your Starlink, but so far he has hasn't delivered your Robotaxi, your Optimus, your lunar lander, your space datacenter etc. And the list keeps getting longer instead of shorter...
- dubeye 8mo agoYou don't have to win them all.
- kimixa 8mo agoHe does (or at least a good proportion) if you want to use as precedent for delivering on these promises, though. Especially for the larger more extreme statements and not just buying himself into an existing business.
- dubeye 8mo agoWhy does he? that's an arbitrary standard set by you. His investors are quite happy with his success rate. He is constantly building new stuff. And as a consumer who has had great experience with every product I've bought, so am I
- Slartie 8mo agoNo one buys into Elon's firms because he's expecting dividends. His investors are not investing because of his success rate in delivering on his promises. His investors are investing exclusively because they believe that stock they buy now will be worth more tomorrow. They all know that's most likely not because Elon delivers anything concrete (because he only does that in what, 20% of cases?), but because Elon rides the hype train harder tomorrow. But they don't care if it's hype or substance, as long as numbers go up. Elon's investors are happy with his success rate only in terms of continuously generating hype. Which, I have to admit, he's been able to keep up longer now than I ever thought possible.
- dartharva 8mo agoWhat'd be the point of inflating market caps like this when it's obvious they'll crash the moment the owner tries to liquidate any of it before the promises are kept?
- thefounder 8mo agoI think you can get loans in the stock. That’s how “most people” live(and die)
- UltraSane 8mo agoRich people use stock as collateral for loans.