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Why should people invest in SpaceX? Because they're going to be propped up by the US government for a long time. Nations need a way to get to space. SpaceX h
by dismalaf 5mo ago
Why should people invest in SpaceX? Because they're going to be propped up by the US government for a long time. Nations need a way to get to space. SpaceX has launched more rockets than anyone in the last few years. Including 3x more than China's space agency.
- lava_pidgeon 5mo agoI'm happy to tell you that Nations don't want to be dependent on the US government and Elon Musk. So there is a big race to build the next SpaceX. And I can assure you building rockets isn't rocket science. Other companies will follow propped up by their governments.
- dismalaf 5mo ago> And I can assure you building rockets isn't rocket science. Is this parody? > Other companies will follow propped up by their governments. It's cool to say but it hasn't happened. And rockets literally are, well, rocket science.
- NuclearPM 5mo agoWoosh
- verzali 5mo agoFlying rockets is rocket science. Building rockets is engineering.
- xdavidliu 5mo agothis comment is nonsensical
- deleted 5mo ago[deleted]
- lava_pidgeon 5mo agoIt does currently happen. In Germany alone there are 3 rocket companies + 1 space vehicle based on governmental programs. You can ask chatgpt for other projects. And yes, my pun which you didn't get just says: Building rockets isn't hard.
- leonidasrup 5mo agoBuilding large payload cheap dependable rockets capable of reaching orbit with high probability is hard.
- FireBeyond 5mo agoEven leaving aside the extremes of industrial espionage or "there's only so much you can learn from SpaceX TV", you can be sure that there are absolutely huge swathes of aerospace engineering education and commercially that are using a lot of SpaceX's work as a Cliff Notes of sorts to help improve their own odds.
- xdavidliu 5mo agoits not that they did not get your pun, its that they think building rockets is hard, and i tend to agree
- dismalaf 5mo ago> And yes, my pun which you didn't get just says: Building rockets isn't hard. No I get it except it's a ridiculous take. Building rockets is objectively hard. > In Germany alone there are 3 rocket companies + 1 space vehicle based on governmental programs. Literally none of them have reached orbit.
- Dig1t 5mo ago>I can assure you building rockets isn't rocket science. This is mind bogglingly wrong. “[Rocket Science] looks hard and is harder than it looks” is the classic line. Anyone in the industry will tell you how extremely difficult rockets are. Look at Blue Origin, all the money in the world and it still blows up on the pad. Look at ULA, largest aerospace companies in the world with institutional aerospace talent, backed by nearly unlimited government funding and is nowhere near a reusable rocket, decades behind SpaceX. You are letting politics blind you to reality.
- snypher 5mo agoSo what is the secret sauce SpaceX brings to the table? Obviously they have top talent, but if it's not a matter of funding or talent, what makes them stand out?
- Dig1t 5mo agoI think it’s a combination of talent and the mission. Most people who work there are true believers in the mission of making life multi-planetary. There are many examples in history of people doing extraordinary things when top talent was combined with belief in a higher calling.
- splitstud 5mo agoThis is like a pea buried under 7 mattresses of delusion. If you dont like Musk, fine, but cmon man.
- peterlada 5mo agoHaving a global internet service with at cost launch prices is about 3-8 trillion dollar business. That's one product line at Space X.
- ben_w 5mo agoOnly if the world doesn't regard the owner of said telecoms service as a political security risk. Tricky sell given increasing distrust of globalisation and the new trend of sovreign-shoring.
- chadgpt3 5mo agoAlso given, you know, the politically motivated bans from that service.
- fsuts 5mo agoSource of that valuation? As doubt its true People in less wealthy countries will pay a cheaper sum than wealthier countries. Also China is accelerating its own equivalent
- NuclearPM 5mo agoBullshit
- triceratops 5mo agoGenuinely curious about the math behind this. https://www.msci.com/indexes/index/754891 https://www.msci.com/indexes/index/754891 this index represents a decent chunk of the worldwide telecommunication industry. It's only worth $1.45T in total. They roll trucks and dig trenches to provide internet service - and provide other telecom services besides. My gut tells me that's cheaper than launching rockets. And these companies already provide service to most of the humans that have money. I think SpaceX has done brilliantly in lowering the cost of rocket launches. I still don't understand or believe in the valuation.
- Schiendelman 5mo agoI think it's possible that one reason that industry is only worth $1.45T is that they have to maintain all that infrastructure. It may be significantly cheaper to operate it all as satellites.