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Drudge Retort: The Other Side of the News
Tuesday, November 30, 2021

Elon Musk is angry with the lack of progress SpaceX has made in developing the Raptor engines that power its Starship rocket.

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Considering that most dentists would gladly own a share of SpaceX, I doubt the company would actually go bankrupt if there's a going concern - they could dilute existing shareholders with a fundraising round for equity.

#1 | Posted by GOnoles92 at 2021-11-30 10:11 AM | Reply

More damage to the stratosphere. Musk is a flake. All these rocket launches blow holes in the atmosphere.

Less spaceflight. Fewer aircraft. Fewer vehicles.

Green, keep it real. Back to the 19th century.

That's what I'm talkin' about.

#2 | Posted by Effeteposer at 2021-11-30 10:11 AM | Reply

19th century, the "Age of Coal"? No thanks. Give me 10th century any day.

#3 | Posted by LegallyYourDead at 2021-11-30 10:17 AM | Reply

Considering that most dentists would gladly own a share of SpaceX, I doubt the company would actually go bankrupt if there's a going concern - they could dilute existing shareholders with a fundraising round for equity.

#1 | POSTED BY GONOLES92 AT 2021-11-30 10:11 AM | FLAG:

Maybe, but they can't just go buy a share. SpaceX is privately traded. The financials are opaque and this is the first comment ever that it's not working out. That's what makes it more interesting than the insanity that is Tesla stock.

For SpaceX to scale and support two logistic chains per model of rocket, one production, one refurbishment, demand for launches has to exponentially increase. They used private investment to buy into the game, but how long will private investment keep burning money on a Mission to Mars that doesn't have a ROI? That's a far cry from just trying to build popular battery cars.

#4 | Posted by sitzkrieg at 2021-11-30 10:21 AM | Reply

"Blow holes in the atmosphere"

You have some science to back that up?

#5 | Posted by kwrx25 at 2021-11-30 10:31 AM | Reply

#4 | POSTED BY SITZKRIEG

Folks who qualify as an accredited investor can join a waiting list and there's a few venues available, mostly from VC funds looking to sell to retail, or use that limited edition equity as a teaser to entice new customers to get their funds managed by the firm. Last valuation round had SpaceX at ~$600 per share for a mkt cap of around $100B.

From comments on /FATfire, it seems like there is no shortage of demand for this type of "moonshot" company.

#6 | Posted by GOnoles92 at 2021-11-30 10:38 AM | Reply

The United States government will bail him out.

America loves giving millions of taxpayer dollars to bail out the rich.

And no one bats an eye.

Meanwhile there's homeless people freezing to death in the streets.

And no one bats an eye.

#7 | Posted by ClownShack at 2021-11-30 10:50 AM | Reply | Newsworthy 1

#6 | POSTED BY GONOLES92 AT 2021-11-30 10:38 AM | FLAG:

Chasing those pre-IPO shares. Doesn't quite feel the same but fair enough.

They were fundraising last month, it went for $560/share. The round before that was $419/share, which iirc came from a Canadian teacher's pension fund. I just want to see what their operating launch costs are vs the projections. People that buy launches have strongly suggested SpaceX has been flying for well below costs.

#8 | Posted by sitzkrieg at 2021-11-30 11:00 AM | Reply

"The United States government will bail him out."

Exactly, put the burden on the back of the poor and middleclass. Note how its a "private" company too, Musk will make Billions, the poor and middle class will owe Billions.

"They were fundraising last month"

Oh good Dentist get to rip off the American people too. Musk, knows how to play the game, other than his lucky break, is there a company of his that doesn't require the government for support?

Its Crony Capitalism, Musk is the master.

#TaxesCreateFascism!

#9 | Posted by oneironaut at 2021-11-30 11:42 AM | Reply

It's Mr Musk. Who know if he is saying this because it is real, or if he just wants some drama?

#10 | Posted by LampLighter at 2021-11-30 01:53 PM | Reply | Newsworthy 2

How much money do we have to pat to cover up the truth? There is no way this thing is getting out of the atmosflat. Basic science, people.

#11 | Posted by HeliumRat at 2021-11-30 02:49 PM | Reply | Funny: 1

"Blow holes in the atmosphere"

You have some science to back that up?

#5 | Posted by kwrx25 at 2021-11-30 10:31 AM | Reply | Flag:

atoc.colorado.edu

#12 | Posted by Nixon at 2021-11-30 02:49 PM | Reply | Newsworthy 1

"Basic science, people."

#11 | POSTED BY HELIUMRAT

Ah, something else you're not familiar with.

#13 | Posted by LegallyYourDead at 2021-11-30 03:13 PM | Reply

I love my Starlink.So much so that I warn people away that slow down to look at my Dishy by brandishing my .177 cal 495ft/s air rifle.

#14 | Posted by Scotty at 2021-11-30 04:45 PM | Reply

"Blow holes in the atmosphere"

You have some science to back that up?

#5 | POSTED BY KWRX25

Science? We don't need no stinking science!

This is amurica 2021!

We have the internets. The internets know it all!!

Now. Drink more Brawndo cause it has electrolytes.

(This retort brought to you by taco bell. If you don't like taco bell then you suck!)

#15 | Posted by donnerboy at 2021-11-30 05:29 PM | Reply | Funny: 1 | Newsworthy 1

I never realized how prophetic that film would become in such a sort time period.

#16 | Posted by Scotty at 2021-11-30 06:44 PM | Reply | Newsworthy 3

Musk is too focused on actually building rockets and space. He should follow Bezos lead and spend more on lawyers and lawsuits.

#17 | Posted by visitor_ at 2021-12-01 08:28 AM | Reply

Oh yeah, nothing makes people more comfortable with flying on huge, combustible rockets than knowing they were made in a hurry...

#18 | Posted by humtake at 2021-12-01 12:28 PM | Reply

Re 18

No worries gummy hummy! Don't worry your two sizes too small heart about it.

Why would you worry about something that will never happen?

You can't afford it and you will never be invited to ride that rocket anywhere.

#19 | Posted by donnerboy at 2021-12-01 12:38 PM | Reply

Elon Musk reportedly warned that SpaceX faces the 'risk of bankruptcy' from lack of Starship engine progress

But I thought that private business can do things better and cheaper than NASA.

I hope the US hasn't advanced much on the exclusive lunar contract.

#20 | Posted by Nixon at 2021-12-01 12:40 PM | Reply

Things like this take time. It's a rocket engine.

He's one to talk. Where are the fully automated Tesla's? The robo-taxis? The Hyperloops?

And no - you won't be colonizing Mars in your lifetime, let alone years from now.

#21 | Posted by Derek_Wildstar at 2021-12-01 12:59 PM | Reply

He's just stiring the pot people
to drum up support in congress to throw
him another big fat contract.

#22 | Posted by earthmuse at 2021-12-01 08:47 PM | Reply

According to other Musk public statements, SpaceX has British East India Trading Co type of aspirations with Mars development as well as asteroid mining. I feel like governments have learned since the East Trading Co days, and will keep SpaceX pigeonholed as a government contractor.

#23 | Posted by GOnoles92 at 2021-12-01 11:08 PM | Reply

#21 just 2 years away, since 2013.

People shouldn't have taken his highdeas so seriously lol, but here we are.

#24 | Posted by sitzkrieg at 2021-12-02 07:25 AM | Reply

Also, he is not making a "starship".

The only star his ships could possibly be ever reach is the sun.

Though I do believe if he can keep it together long enough one of his ships may reach Mars. But probably after he is gone from the scene.

We all think we will live forever. Until suddenly one day we don't.

#25 | Posted by donnerboy at 2021-12-02 07:34 AM | Reply

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