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kachapopopow 6 hours ago

isn't this just fraud in broad daylight? I don't get it. Why not at least try to hide it?

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wmf 6 hours ago | parent | next [-]

It's crazy but legally there's nothing fraudulent here. I'm sure the deal was approved by the boards of both companies.

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6 hours ago | parent | prev | next [-]

[deleted]

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SimianSci 6 hours ago | parent | prev | next [-]

Its only fraud if poor people do it. Welcome to American politics.

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kevstev 5 hours ago | parent | next [-]

But the "fraud" here is being done mostly to VC investors with deep pockets and lawyers, at least until he tries to take this entity public. And I can't imagine them just taking this lying down, but then again maybe they realize that offloading this steaming pile on public market investors is the best way out. But even then... SpaceX seemed like it was quite viable on its own, the investors there are the real losers here.

It is all very puzzling to me.

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kachapopopow 6 hours ago | parent | prev | next [-]

no I get it, but I mean fraud is usually kept out of the public. this is fraud in broad daylight?

	▲	slg 6 hours ago \| parent [-]
		Why hide it if you know you won't be punished for it?

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ares623 4 hours ago | parent | prev | next [-]

It's only fraud if rich people lose money

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monero-xmr 6 hours ago | parent | prev [-]

Poor people are using their public car company to buy their private space company?

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fuzzfactor 4 hours ago | parent | prev [-]

How do you keep these kind of things under the radar anyway?