this post was submitted on 23 Apr 2024
1404 points (97.1% liked)
Technology
59427 readers
3991 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
His only talent is convincing the wealthy to invest in his schemes. I don't understand how he does it, hearing him speak is painful.
He got lucky with Tesla becoming a meme stock.
SpaceX is being run by a competent engineer while its competitor, Blue Origin is being run by a megalomaniac. This is possibly Musks only competent move in business.
The rest of his ventures have been failures. To any one not blinded by greed, it's clear he long ago peaked. He's playing a shell game now but people will happily invest hoping luck will strike again.
To his credit SpaceX was at least a correct recognition that the dominant space launch companies were just a cartel milking federal funding for as much as possible. That sector is so stagnant that ULA still hasn't blinked at the massive success of first stage reusability.
When you're a government agency, you have to play things super safe. When you're an independent company, you can do whatever you want. And if you fail, no one cares. If the government agency fails, it's hell to pay.
Likewise for prominent contractors. When they start being Musky, you get the current Boeing debacle.