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I think people are more concerned about SpaceX getting the raw deal here.
by hayd 8mo ago
I think people are more concerned about SpaceX getting the raw deal here.
- bandrami 8mo agoAnd specifically that if the music is about to stop SpaceX has an implicit government backstop
- wlesieutre 8mo agoIt doesn't have to; the government's rescue of GM in 2008 killed a bunch of brands that they owned. But given the current administration, I don't have a lot of faith in the government looking out for anyone else's interests here.
- andsoitis 8mo ago> SpaceX getting the raw deal here. Have they complained?
- acdha 8mo agoYou’re really asking whether anyone at a private company is publicly speaking up against the famously emotional and vindictive owner?
- andsoitis 8mo agoYes. People are saying they’re worried that the poor private investors of SpaceX are getting the short end of the stick. That seems like misplaced concerned for an investor class that really aren’t suffering.
- bandrami 8mo agoWell, no, the worry is that xAI's bondholders, who are also Twitter's bondholders, will be indemnified from any loss on those bonds at public expense because they are now also SpaceX bondholders and SpaceX is a national security interest of the US.
- andsoitis 8mo ago> bonds at public expense because they are now also SpaceX bondholders and SpaceX is a national security interest of the US. If our elected officials have done a poor job diversifying risk by not just depending on one single supplied, they are to blame and we should hold them accountable. But, is that even the case?
- acdha 8mo agoThis thread specifically excluded the big investors, but they too have nothing but loss popping the bubble: Musk has been talking up the value of their investment. If they criticize in public, they’re just costing themselves money — much safer to sell and walk away.
- estearum 8mo agoI think unsavory business practices actually affect approximately everyone, even those not directly connected to any one particular instance of unsavory business practices. Culture exists, after all.
- bandrami 8mo agoWell this was just announced, and I'll be surprised if nobody gripes about a $2T dilution of their equity.