this post was submitted on 20 Aug 2023
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I don't see the conspiracy.
My assumption is the investors immediately got what they wanted. They are not stupid.
Money men don't hand over money to these front men based on promises. This isn't a Hollywood movie. There was an immediate pay off.
They got SpaceX stock.
Investors will absolutely hand over money to front men making bad, even obviously insane, promises, though. People are always more easily manipulated than they like to believe, but people who've convinced themselves they're infallible titans of industry are even more vulnerable to it. (Especially the ones who think that they see through the scam and won't be left holding the bag.)
I didn't say it was a conspiracy. I said they gave him money after he was already fucking up by paying around 30 billion more than it was worth, firing all the people that did stuff, and generally being a bad CEO so he would do what they want. More of a typical business deal really.
Actually they may not be worth much either.
https://www.youtube.com/watch?v=vYURUiOjZSw
Thunderfoot has spend a lot of time analyzing most things Musk, and SpaceX specifically does not have a market (TAM) to achieve what they claim.
So you've never heard of theranos or we work?