this post was submitted on 15 Mar 2024
559 points (98.1% liked)

Technology

59298 readers
4481 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
559
Leaked SpaceX documents show company forbids employees to sell stock if it deems they've misbehaved (techcrunch.com)
submitted 8 months ago by [email protected] to c/[email protected]
48 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 5 points 8 months ago (1 children)

They've literally made reusable boosters and have multiple operations to deploy satellites and go to the space station (not to mention starlink ) . While I'm not a Musk fan, those achievements are irrefutable. SpaceX may or may not be making money, but it's a far cry from a ponzi scheme. It's why so many are trying to copy their technological achievements.

[โ€“] [email protected] 7 points 8 months ago

It is a Ponzi scheme from a financial sense. In the end, it's just a launch provider. It's not suddenly going to become the next Apple in terms of market value. But it is valued like that, and they were able to raise billions of dollars by lying about its potential business ventures.