▲ | cess11 7 months ago | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No, most of the reporting from "his organizations" is about how they defend themselves against him and blow the whistle about security concerns, plus the union busting and wage theft and so on. Plus the story about how Thiel kicked him out to save PayPal. Both Tesla and SpaceX are military labs behind plausible deniability, dual-use aprons. Hence they're run to a larger extent by people who aren't him and he works like a neat distraction for outsiders. Much like Thiel he doesn't show any "deep talent". That's something other people are bringing to the organisations they're part of. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | Nevermark 7 months ago | parent [-] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This is hogwash. Dramatic exits after successful acquisitions are common. You have to earn “failures” like that. That created SpaceX’s seed capital. (You can’t have it both ways. If he had convinced the US to bankroll him, that would have been serious business acumen.) Minor success on hard problems, with a shoe string budget, and an attractive business plan (vertical integration, fast-failure iteration, reusability) got investment capital flowing. More successes, more capital. Result: They changed the economics of space launches & save money for all their customers, including NASA & the military. No resemblance to nepo operations or results. See Boeing, Lockheed, etc. $ billions of dollars burn with each SLS launch. Massive delays & cost plus overruns. For now. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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