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Comment on It will trickle down any second now

On Elon Musk, it’s funny because he never put a profit, like tesla isn’t the biggest, spacex either, X os draining money, his robotics shits are just that: shit.

There isn’t much that he’s done, all of his companies are making less profits (or losing more money if i’m being correct), he is just a jake paul that fakes being a fake intelligent person.

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Th4tGuyII@fedia.io ⁨6⁩ ⁨days⁩ ago
Yeah, its ironic. The richest man in the world doesn't have a single* truly profit-making venture under him.

How the bubble around him hasn't burst yet I don't know, but it would certainly be a feast for sore eyes.

*Edit: Forgot about SpaceX, which actually has made itself a decent chunk of money - about $15.5 billion in 2025 - but I doubt that alone is capable of propping up his nearly $500 billion personal valuation.

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- asg101@lemmy.blahaj.zone ⁨5⁩ ⁨days⁩ ago
  
  How the bubble around him hasn’t burst yet I don’t know
  
  Corporate welfare.
  
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Yondoza@sh.itjust.works ⁨6⁩ ⁨days⁩ ago
SpaceX has been phenomenally successful. I don’t think he can be attributed to much of that success. The Falcon 9 handled 95% of launches in 2024. SpaceX has went from non existant to a near monopoly in 23 years while competing against some of the most powerfully connected companies in the world.

I’m not a SpaceX fanboy (I’m a space fanboy). They have done a lot of good for the space industry, while also causing a lot of harm to the scientific space community (earth based observations). I just don’t think you can make an argument that SpaceX is not a successful company.

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- ImWaitingForRetcons@lemmy.world ⁨3⁩ ⁨days⁩ ago
  Not just earth based observations, they’ve pretty much guaranteed we’re have no hope in another space race versus China, or even just in general for the next decade at a minimum.
  
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- potatoguy@lemmy.eco.br ⁨6⁩ ⁨days⁩ ago
  I agree. Changed the text!
  
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bottleofchips@piefed.blahaj.zone ⁨6⁩ ⁨days⁩ ago
Go home drunk, I’m too Dad

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TallonMetroid@lemmy.world ⁨6⁩ ⁨days⁩ ago
Apartheid-man’s basically a bubble unto himself.

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Clent@lemmy.dbzer0.com ⁨6⁩ ⁨days⁩ ago

only spacex is relatively successfull, but it’s not on the same level of half trillion dollars.

Not exactly sure what you’re trying to say here but spacex has tentative plans to ipo at a 1.5 trillion valuation.

Wallstreet is salivating over this because they know they get in first and will make bank when retail investor drive the price to ridiculous levels.

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- Th4tGuyII@fedia.io ⁨2⁩ ⁨days⁩ ago
  Yeah, but its profits (for 2025 at least) are <1/100th of that - so that valuation is bound to collapse very quickly...
  
  And of course it'll end up being the regular people who get screwed when that rug pulls.
  
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- potatoguy@lemmy.eco.br ⁨6⁩ ⁨days⁩ ago
  I’m saying that it isn’t so profitable to make anywhere near that amount of money in decades.
  
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  - Clent@lemmy.dbzer0.com ⁨6⁩ ⁨days⁩ ago
    I doubt spacex is profitable. The ipo is so they raise cash. They probably burned it all up with the starship failures.
    
    I’m sure on paper it will look profitable same as Tesla looks profitable from certain angles but is actually propped up by the ability to create more shares. He’ll do the same with spacex. Bleed it for his own gains.
    
    I don’t think he actually cares about any of this tech. It’s the only explanation for how he keeps wasting first mover advantage.
    
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Digit@lemmy.wtf ⁨6⁩ ⁨days⁩ ago
Gov gotta have their corporate frontman. Keeps their hands clean.

Just like his paypal buddy, spinning the golden wool of palantir from the unwelcome rot of total information awareness.

And now no pesky joe-public to get in the way, since it’s corporate, not public.

They’re clever like that.

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