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jeffreportmill1 | 11 months ago
The idea that he's the richest man in the world is a joke. Half his rapidly declining wealth is based on SpaceX, a "360B" company with no profit and < 12B in revenue that blows up and burns up its own products more often than not.
_DeadFred_|11 months ago
Tesla is a 'battery company' but at Gigafactory Panasonic makes batteries on Panasonic owned/operated lines that just lease space from Tesla.
Yet somehow this is a 'real' company.
lawn|11 months ago
skissane|11 months ago
This false. SpaceX’s current product is Falcon 9/Heavy which “blows up and burns up” very rarely.
Starship isn’t actually a product yet, it is an R&D program. If 50% of the test flights on an R&D program fail, that doesn’t tell us anything about the reliability of the finished commercial product. Absolute worst case scenario, Starship never works and is cancelled-SpaceX will have wasted billions but still have a market-dominating product with Falcon. And, despite the recent setbacks, it seems unlikely the worst case scenario will actually happen. More likely outcome is Starship is delayed and burns up billions more in R&D but eventually they get it to work as promised.