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Comment by hayd

13 hours ago

I think people are more concerned about SpaceX getting the raw deal here.

And specifically that if the music is about to stop SpaceX has an implicit government backstop

  • It doesn't have to; the government's rescue of GM in 2008 killed a bunch of brands that they owned.

    But given the current administration, I don't have a lot of faith in the government looking out for anyone else's interests here.

    • And TARP destroyed 4 of the 5 largest investment banks in the US, but it still left a bad taste in a lot of people's mouths

    • Starlink is about to get billions and billions from the BEAD program, on top of this.

> SpaceX getting the raw deal here.

Have they complained?

  • You’re really asking whether anyone at a private company is publicly speaking up against the famously emotional and vindictive owner?

    • Yes. People are saying they’re worried that the poor private investors of SpaceX are getting the short end of the stick.

      That seems like misplaced concerned for an investor class that really aren’t suffering.

      3 replies →

  • Well this was just announced, and I'll be surprised if nobody gripes about a $2T dilution of their equity.