I agree with you, yet in a somewhat different way.

He is an investor investing in science fiction. This isn't even implied, he comes out and says it again and again.

I'm reminded of xerox parc's "The best way to predict the future is to invent it" and I think that's his philosophy.

As to "businesses he knows well" I do not agree. He didn't go into electric vehicles, rockets, robots or neural interfaces as "business he knows well".

Just read about musk going to russia to try to get a launch vehicle going and coming back insulted and frustrated. So he broke down the problem and learned how to solve it.

Also "Private Equity" has a connotation of rent seeking nowadays, like "buying all dentists and monetizing to extract profit".

I don't see him that way philosophically. I see him as a pure creator, not a rent seeking wealth extractor.

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bhouston 7 months ago | parent | next [-]

With Twitter/X he definitely did act like a PE firm with deep cuts and a simplified operating model (eg. no moderation.)

Although strangely he destroyed the revenue model at the same time, which is something a PE firm would be careful to avoid.

	▲	m463 7 months ago \| parent [-]
		I see twitter as sort of frustration thing, like hyperloop. With hyperloop - he was frustrated by the way high speed rail was being handled in california, and hyperloop came into being as his cost + engineering sort of optimization. But with hyperloop he wasn't forced to buy it. With twitter he just got in too deep and had to buy it. (though I probably don't know enough about the details of twitter and could be wrong)

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threeseed 7 months ago | parent | prev | next [-]

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Spooky23 7 months ago | parent | prev | next [-]

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fastball 7 months ago | parent | next [-]

He's actually a marsatic.

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signatoremo 7 months ago | parent | prev [-]

> The danger is his focus on living on Mars with no accountability.

What is an example of this non accountability?

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Spooky23 7 months ago | parent [-]

How about blatant securities fraud wrt to constant pump and dump of DOGE?

	▲	lmm 7 months ago \| parent \| next [-]
		"DOGE" is probably not a security (that will ultimately be a question for the courts I'm sure, but you have to stretch the Howey test quite far to find a "common enterprise". It's a picture of a dog with some dumb text), and there's no credible evidence that Musk ever dumps it or even really pumps it.
	▲	floydnoel 7 months ago \| parent \| prev [-]
		and you’re extra worried about that happening on mars? why?

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iml7 7 months ago | parent | prev [-]

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