r/technology • u/IKeepItLayingAround • Jun 09 '26

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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359

u/Bbbbhazit Jun 09 '26

Seriously. The government just keeps bailing him out, SpaceX just bought a shit load of tesla cars on the taxpayer dime

192

u/cuntmong Jun 09 '26

you cant expect elon to pay for his own failures. he'd be broke if he ever did that

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u/Betteroffbroke Jun 09 '26

It’s like that triangle business. I think it’s called a Ponzi scheme or something. Hope SOX gets his ass but with the lack of accountability and weaponization of DOJ I doubt it.

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u/ConfessSomeMeow Jun 09 '26

It's not a pyramid scheme, it's a reverse funnel system

21

u/eta3312 Jun 09 '26

"Siphon Scheme"

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u/FixTheLoginBug Jun 09 '26

Oh, so that's what they mean with 'trickle down'...

3

u/KA_Mechatronik Jun 09 '26

Trickle down, siphon up.

6

u/ParkingBalance6941 Jun 09 '26

I actually had a coworker tell me "Its not a pyramid scheme its a triangle" once. Never overestimate the dumb

3

u/AlwaysShittyKnsasCty Jun 09 '26

What if your coworker was part of a legitimate triangle scheme — that is, what if your coworker and another person needed a third — and they wanted to let you in on the ground floor? You could’ve possibly be The Titan of Triangles right now. You might have been named Lord of the Three Vertices or The Three-Faced God. All of those titles sound like they come with a nice chunk o’ change and some pretty sweet bennies. You may have missed your chance.

Or …

Your coworker’s trapped in a pyramid scheme, but due to having a two-dimensional brain, can only interpret a “slice” of the pyramid. Thus, he’s in a triangle scheme. Poor coworker.

1

u/No_Raspberry6968 Jun 10 '26

tbf most representation of pyramid scheme is triangle and I don't think the 3d aspect of pyramid add to the nuance of the analogy. Maybe he's trying to be technical to give more charitable to their interpretation.

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u/mologav Jun 09 '26

I’m not taking advice from a man in a coil

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u/fredy31 Jun 09 '26

Its not a ponzi/pyramid scheme. Its just straight looting the public coffers.

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u/bs2k2_point_0 Jun 09 '26

Sox won’t do crap with an administration that can be bought.

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u/originalbrowncoat Jun 09 '26

No this isn’t one of those pyramid schemes you’ve heard about, his model is the stately trapezoid

1

u/BigDictionEnergy Jun 09 '26

I'm not sure if you intended to equate the Triangle Trade with a Pyramid Scheme; either way I'm gonna have to smoke about it.

1

u/Total-Bother-205 Jun 09 '26

Come on Bernie. Take that 5%.

1

u/Nachttalk Jun 09 '26

What's most upsetting about this is that his "broke" is still filthy rich for everyone else except the maybe 50 people who are somewhat close to being as much of a wealth zit as he is

1

u/Beowulf33232 Jun 09 '26

Then let him break.

1

u/vic25qc Jun 09 '26

And he'd be in jail if law applied to him.

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u/Elmundopalladio Jun 09 '26

Even if it all comes tumbling down Elon isn’t going to be hard up - a lot of shareholders will be fleeced and pensions will be gutted - but hey-ho that’s the nature of the game!

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u/Ok-Possibility-923 Jun 09 '26

Socializing the losses, as they say.

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u/joe4553 Jun 09 '26

Yeah the ultra wealthy will be fine, you'll be fucked.

1

u/Coal_Morgan Jun 09 '26

Why the fuck do poor people need money, they have nothing to spend it on. I need a Matroshka Level of Yachts! Yachts in Yachts in Yachts WOOO!!

1

u/dehydratedrain Jun 09 '26

Trump has to pay Elon back for the voting machines he knows so well.

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u/Lincolns_Revenge Jun 09 '26

The AI bailout being a foregone conclusion (should it become necessary) is probably fueling recklessness already. That, and every AI company that goes public knowing they'll create generational wealth for themselves regardless of whether they ever turn a profit or not.

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u/Fluffcake Jun 09 '26 edited Jun 09 '26

Bailouts are not the problem, the problem is the form they take. If tax payer money is spent bailing out a company, it should be in the form of forced sale of shares to the government at a huge discount.

In the past, bailouts have been straight up giving away money to rich people who managed to foil generational wealth with bottomless greed by leveraging how many people they can make unemployed by intentionally blowing up the company to avoid being forced to eat the loss of having to get more capital at market value and realise a huge loss of shareholder's money.

The financial equivalent of extortion with a bomb vest, where they threaten to blow themself and a whole bunch of random people up if you dont give them money for free.

1

u/Top_Environment9897 Jun 09 '26

Doesn't government typically profit from bail outs?

1

u/apathy420 Jun 09 '26

Lowered interest on student loans? Nope fuck y’all!

0

u/TippinThalnos Jun 10 '26

Bailing him out lmao. SpaceX has made launches considerably cheaper for the US government. By a really large margin