▲ | Nevermark 7 months ago | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | cess11 7 months ago | parent [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Thiel put him aside before the IPO, which was before Ebay bought them. There's been a lot of reporting about how SpaceX is keeping Musk's influence at a minimum. If you go looking you'll also find video from interviews with Musk in that role where he isn't talking from a script and comes across as a clueless high schooler. Why are you taking hits for him? Does he somehow pay your bills? | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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