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SpaceX IPO

Mega6 said:
I’ll keep it simple, look up darpa innovations starting with Ethernet.
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Look at all the government backed/affiliated non-profit NGOs that were shown to be nothing more than money laundering operations at worst to at best complete wastes of money - Alice Guo's, USAID, New Venture Fund, Tides Foundation, all the 'combat homelessness' ones in California etc etc etc
 
tunatime said:
Stuff cost more during a war. Look at our gas prices.

Why does that make him kgb? If anything the guy is the most important person on the planet as he keep pushing the envelope.

I could care less if the USA pays a bit more and Elon one day gets we as a species off this rock
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Plus I think the government creating their own Starlink alternative would somehow cost more than the *300k* a year they're paying SpaceX that's highlighted.
 
Zorachus said:
The whole Mars or bust thing with Musk was total BS. Was never realistic whatsoever. He's since switched to the Moon base which is far more doable.

The dude's a total shyster and con-man like pedophile traitor Trump. Not someone to look up to, someone to deport actually.

But hey I don't drink the Kool-aid, so call me crazy. LOL
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Space x has launched more rockets this year then everyone else put together. They have to be doing something right.

Also you are thinking small it's not about mars or the moon. It's that pushing space tech can fix a lot problems we have on earth.
 
I'm 100% behind Space exploration, big fan of the Apollo era stuff and NASA astronauts, etc...

But as a species would love to see humans working together as one; China + Russia + U.S. plus Euro Space agency all on the same team and working together to truly get us "out there" first the Moon and a base, then humans on Mars, then a city on the Moon, then a base on Mars, and then to the moons of Jupiter and beyond.
 
Zorachus said:
I'm 100% behind Space exploration, big fan of the Apollo era stuff and NASA astronauts, etc...

But as a species would love to see humans working together as one; China + Russia + U.S. plus Euro Space agency all on the same team and working together to truly get us "out there" first the Moon and a base, then humans on Mars, then a city on the Moon, then a base on Mars, and then to the moons of Jupiter and beyond.
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It'll be like THE EXPANSE but worse.
 
kram182 said:
SpaceX has the most contracts with the gov of any rocket/space company - and even aerospace companies if you negate non-space stuff for the aerospace companies like jets and tanks and missiles etc - because they have the experience/capability, more than all the others to produce results in space at the best $ cost
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Well the dod has started using starshield (starlink) and its significantly cheaper and easier to setup and use than the older geo sats they have been using.

Point being 2.29 billion isn't a lot of money for a bunch satellites. SES5 I worked on for 6 months was like 400-500 million dollars without even factoring the cost of getting into space.
 
Zorachus said:
The whole Mars or bust thing with Musk was total BS. Was never realistic whatsoever. He's since switched to the Moon base which is far more doable.

The dude's a total shyster and con-man like pedophile traitor Trump. Not someone to look up to, someone to deport actually.

But hey I don't drink the Kool-aid, so call me crazy. LOL
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Literally you.

1779975276292.png
 
Ididar said:
I hate the man. I can like the work that his companies are doing in terms of space launches and still hate the man. He's an asshole. Making lots of money and building some cool shit doesn't stop him being an asshole.
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I too have opinions about a lot of people. Probably people you would categorize as "good people".

But I always try and assume that people have good intentions and we can have reasonable debates.

I feel the trend of either "dehumanizing" people we disagree with or even approaching that is a real problem.

(not saying that's what you're doing but it feels in the same vein).
 
Back on topic I used to be a huge Elon Musk fan pre-covid

Back around 2017-2018. He was talking some really cool stuff about creating a Starfleet type, Star Trek movement, getting humans to Mars and out exploring space. And really pushing technology. Cool stuff.

But then something changed in him and he got really weird and strange during covid and the last couple years. He's not the same person he was back then and rarely even talks about all this cool space stuff like it used to.

Almost like Howard Hughes late in life He got really fucking strange and lost it.
 
Sorry, what's the actual topic again? Feels like spacex ipo was the topic and all the ranting here isn't the topic it's just political ranting from the identity politics crowd.
 
1.1.2.3.5... said:
I too have opinions about a lot of people. Probably people you would categorize as "good people".

But I always try and assume that people have good intentions and we can have reasonable debates.

I feel the trend of either "dehumanizing" people we disagree with or even approaching that is a real problem.

(not saying that's what you're doing but it feels in the same vein).
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I'm not dehumanizing him at all. I'm saying he's an asshole because of his behaviour, not his wealth or his business ventures. It you take into account how he treated his kids, his workers, the general public, how he throws tantrums when someone makes fun of him, the whole episode of DOGE. Everything points to an asshole of a human being. He's not a nice guy. Steve Jobs was the same thing. He might have been right about a lot of things but he wasn't a nice guy. He was an asshole. A smart asshole but still an asshole in how he treated people.

Unfortunately, when it comes to extremely wealthy people you tend to get a lot of assholes rising to the top. They do whatever it takes to make more money and don't much care about the collateral damage along the way. Maybe there is value to society about the system that allows them to reach the dizzying heights of wealth but it doesn't change the fact that assholes do rise to the top in the system we have right now. It is very rare for these people to have a lot of humanity and a lot of caring about the people that work for them.
 
Ididar said:
I'm not dehumanizing him at all. I'm saying he's an asshole because of his behaviour, not his wealth or his business ventures. It you take into account how he treated his kids, his workers, the general public, how he throws tantrums when someone makes fun of him, the whole episode of DOGE. Everything points to an asshole of a human being. He's not a nice guy. Steve Jobs was the same thing. He might have been right about a lot of things but he wasn't a nice guy. He was an asshole. A smart asshole but still an asshole in how he treated people.

Unfortunately, when it comes to extremely wealthy people you tend to get a lot of assholes rising to the top. They do whatever it takes to make more money and don't much care about the collateral damage along the way. Maybe there is value to society about the system that allows them to reach the dizzying heights of wealth but it doesn't change the fact that assholes do rise to the top in the system we have right now. It is very rare for these people to have a lot of humanity and a lot of caring about the people that work for them.
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Wealthy people are most certainly not exclusively assholes nor is there any data that supports anything you're saying.

I think people that support "thought police" are grade A evil. I don't care to debate philosophy here with you or anyone else. I know we disagree and I know no one is going to change their perspectives.

So what is the point here? There's no point in debating philosophy and politics of individual people in a technology forum. There just isn't. It's noise that serves no one.
 
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4saken said:
Elon launching(and catching) Skyscrapers, yet here are his competitors.
Not a disservice to the IPO.


https://x.com/i/status/2060165505541968248

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View attachment 806104
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Everyone has launch failures, including SpaceX. Are they behind? Yes, but a failure is not an indication that they won't catch up. Maybe they will, maybe they won't. Who the heck knows at this stage. Either way, we should want people to catch up to SpaceX so companies have more options and we don't end up with a space monopoly.
 
Ididar said:
Everyone has launch failures, including SpaceX. Are they behind? Yes, but a failure is not an indication that they won't catch up. Maybe they will, maybe they won't. Who the heck knows at this stage. Either way, we should want people to catch up to SpaceX so companies have more options and we don't end up with a space monopoly.
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Of course, but with Nasa's announcement just a couple days ago, and this setback likely being massive for Blue Origin, NASA already stated they are re-evaluating for Artemis and other launch missions. This is not just a few weeks setback, but likely 12mo+. Rocketlabs and/or SpaceX will likely be beneficiaries of this.
 
Ididar said:
Everyone has launch failures, including SpaceX. Are they behind? Yes, but a failure is not an indication that they won't catch up. Maybe they will, maybe they won't. Who the heck knows at this stage. Either way, we should want people to catch up to SpaceX so companies have more options and we don't end up with a space monopoly.
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I have friends that work at both places and im rooting for them both because I agree with you here.

However, BO needs to get it together if they are going to catch up.
 
Mega6 said:
I don’t. My point is that non profit r&d is cheaper than private r&d due to the profit rolled into it.
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Thats completely backwards. Private companies focus a lot more on saving money, whereas public research just raise the taxes. SpaceXs rockets cost a fraction of what the publicly funded rockets does. They can ship a kilo to space for a tenth of the competition. Starship will lower the pricw by another factor of 10.
 
Skyblue said:
Thats completely backwards. Private companies focus a lot more on saving money, whereas public research just raise the taxes. SpaceXs rockets cost a fraction of what the publicly funded rockets does. They can ship a kilo to space for a tenth of the competition. Starship will lower the pricw by another factor of 10.
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You would think this is in the realm "no shit Sherlock" but for some reason people think govnt is the answer, sure if money is free from the taxpayers. SpaceX has saved the govnt billions in cost per launch not to mention many other things. SpaceX has left NASA in the dust, cost, innovation, speed of launch, new tech not to mention SpaceX is more nimble and not bogged down in bureaucracy that the govnt is the best at.

IMHO, not to upset anyone, walking on eggshells.
 
I'm going to buy no doubt. They are only going to increase their cadence. Their orders are backlogged for years in some case, so I think they will grow. People said facebook was overpriced at $38 when it debuted, now its over $600. People joked about Rocketlabs last year, and now they are booming. If you are going to make decisions based on feelings, make sure it comes from the gut.
 
Go for it.

projected $1.75 trillion to $2 trillion valuation as "mathematically indefensible" for a company that posted a $4.9 billion loss on $18.7 billion revenue in 2025
 
Mega6 said:
Go for it.

projected $1.75 trillion to $2 trillion valuation as "mathematically indefensible" for a company that posted a $4.9 billion loss on $18.7 billion revenue in 2025
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"you will not make money on this - you will lose/willy_wonka_you_lose.gif"


1780118463951.png
 
Zorachus said:
Back on topic I used to be a huge Elon Musk fan pre-covid

Back around 2017-2018. He was talking some really cool stuff about creating a Starfleet type, Star Trek movement, getting humans to Mars and out exploring space. And really pushing technology. Cool stuff.

But then something changed in him and he got really weird and strange during covid and the last couple years. He's not the same person he was back then and rarely even talks about all this cool space stuff like it used to.

Almost like Howard Hughes late in life He got really fucking strange and lost it.
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The drugs?
 
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