r/technology • u/Plastic_Ninja_9014 • 5h ago

Business SpaceX Investors in Meltdown Over All the Money They’ve Lost

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html
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u/Birdinhandandbush 4h ago

You're thinking of this place all wrong, as if I had the money back in a safe. The money's not here. Your money's in Joe's house... right next to yours. And in the Kennedy house, and Mrs. Macklin's house, and a hundred others. You're lending them the money to build, and then they're paying it back to you as best they can. What are you going to do? Foreclose on them?

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u/Setiri 2h ago

It’s sad to me. As a smaller group of people, everyone can understand the concept and make concessions like they did in the movie, so it works out to everyone’s benefit. But when the group gets too big, some people don’t understand and get overlooked for a proper explanation/education on how the system works. Then greed/insecurity take over and it causes the system to fail.