7 hours ago, Cory1848 said:

If I’m correctly interpreting your posting of the silly Bernie Sanders meme in response to the one sentence I wrote about the gutting of USAID: for you, the creation of more millionaires is more important than the provision of medical services that literally keep people alive in distressed parts of the globe. Some people having money is more important than other people dying for lack of money. I find this heartless and cruel, but it takes all types I guess.

 

For more on the SpaceX IPO, see Plan B’s detailed explanation above. As for being a millionaire: I’m technically one, totaling some investments that have done well with equity in two properties I have. Believe me, in 2026, it’s not that big of a deal.

My son has more than that saved from working plus careful investment and real estate equity. I'll neever see a dime!

2 hours ago, Wingate said:

What is puzzling, however, is the valuation of SpaceX. A hundred 30 times revenues? Of the companies under its umbrella, only Starlink makes money.

If it doesn't work out, its valuation will essentially return to a realistic level.

6 hours ago, boganJoe said:

Maybe cry harder....loser....lol

Ah, he's cutting you in! Good work!

9 hours ago, FinChin67 said:

Melissa Chen on X (https://x.com/MsMelChen/status/2065549495723503760?s=20):

Today’s flood of Western media hit pieces and ridiculous commentary on Elon and SpaceX is yet another sign that the West is rotting from the inside. EVEN the Chinese Communists treat their national champions with more respect than these pathetic hacks. The CCP and its state mouthpieces aren’t half as deranged with envy. They may leash guys like Jack Ma and slap them down hard when they step out of line, but at least they’re smart enough to understand that they need their best talent and innovators to deliver prosperity for their people, dominate global markets, project raw power across the planet, and forge their nation into a ruthless superpower. The Chinese see them as vital strategic national assets and would never publicly insult or attack the ambitious, high-achieving mindset that creates these winners in the first place. SpaceX is, without a doubt, America’s national champion. Elon built the first reusable orbital rockets (Falcon 9), slashed launch costs, launched more missions in a single year than entire nations, revived American space dominance, sent NASA astronauts to the ISS aboard Crew Dragon, built the Starlink constellation that now beams high-speed internet to millions across the globe (including battlefields and disaster zones), and is developing Starship - the most powerful fully reusable rocket ever built, designed to make humanity an inter-planetary species. Yet the Western press and Democratic officials are almost unanimously attacking the one man going above and beyond to secure prosperity, technological supremacy, and raw national strength for our civilization. These people are vile soul-sucking wreckers who despise all excellence. The only thing they can produce is endless grievance and failure. All they know to do is tear down the successful, insult greatness, and wallow in their own mediocrity.

Let's keep to facts! SpaceX was subsidized by the Biden administration. So was Tesla! 😂

5 hours ago, Cory1848 said:

who may then be inclined to advocate and indeed enact government policies that benefit their companies more than the greater public interest.

Come on! No one would ever do that!

Oh wait! 🤣

6 minutes ago, candide said:

Let's keep to facts! SpaceX was subsidized by the Biden administration. So was Tesla! 😂

Regarding SpaceX, do you define "subsidized" as receiving government contracts for paid services?

Electric vehicle subsidies began in 2010, established by the Energy Improvement and Extension Act of 2008 during George W. Bush's presidency.

2 minutes ago, temuFarang said:

Regarding SpaceX, do you define "subsidized" as receiving government contracts for paid services?

Electric vehicle subsidies began in 2010, established by the Energy Improvement and Extension Act of 2008 during George W. Bush's presidency.

He got both contracts and subsidies. And there was no suspicion of conflict of interest about it.

In case you didn't notice, this was a reply to someone claiming that the Dems despise Musk endeavours. Fact is that they financed them. Of course, they did not like him personally, because of his political stance.

Now we can hear Bernie cry about trillionaires.

Posted via Starlink.

6 hours ago, pacovl46 said:

There's no way he's the world's first trillionaire! Saudi Arabia, for example, makes makes between 15 to 30 billion net profit a month on average with their oil, and they have been making billions a month for decades!

Chinese leaders, as well.

There are those with far more than a trillion in wealth.

We just do not hear about them.

13 hours ago, Cory1848 said:

No thanks. That’s great that you feel you have some special inside “understanding” of what drives Musk, but Isaacson’s book was largely panned as sycophantic, so you probably won’t get much insight there. Musk can do what he wants with his money, but his wholesale cuts to US government programs last year with no understanding of the damage he was causing were repulsive. I reserve my admiration for people whose regard for humanity extends beyond their own ego.

They did not cut nearly enough from the federal budget.

13 hours ago, Cory1848 said:

His gutting of USAID literally killed people for no reason.

No it did not. Your statement makes for a nice soundbite, but has no basis in fact. The USA continues to provide humanitarian aid through the state department. The bloated bureaucracy of USAid was not needed. The US taxpayers have no obligation to fund other governments. Beneficiaries had the option of cleaning up their own corruption and changing their spending priorities. It's not as if your tax dollars were funding the disbursements was it?

The U.S. federal government spends 7,000 billion dollars per year. Elon’s entire fortune, accumulated over 30 years of work, represents 52 days of Washington’s spending. The French state spends 1,700 billion euros per year, 57% of GDP, the absolute record in the developed world. Elon’s fortune is 7 months of French public spending.

Now, the question no one is asking: what has each one produced with that money?

Washington, with 7,000 billion per year: a deficit of 1,800 billion, a debt of 38,000 billion, and debt interest that now exceeds the military budget. Newsom’s California has burned through more than 15 billion on a high-speed train that doesn’t exist. NASA has spent more than 24 billion to develop the SLS, a disposable rocket at 4 billion per launch.

France, with 1,700 billion per year: a hospital system in permanent crisis, a school system collapsing in international rankings, 3,400 billion in debt, and not a single world-class tech company created in 25 years.

Elon, with a microscopically small fraction of those budgets: the Falcon 9 developed for about 400 million dollars, where NASA itself estimated it would have cost them 4 billion. Ten times cheaper. Rockets that land. The cost per kilo in orbit divided by 20. Starlink connecting millions of people forgotten by land-use planning for 40 years. Tesla forcing the entire global auto industry to switch to electric, something 30 years of COPs and subsidies failed to achieve.

So let’s recap. States have means 10 to 50 times greater, the monopoly on law, the monopoly on taxation, and decades of head start. Elon has far fewer resources, zero coercive power, and he outperforms everyone, in every field he enters.

It’s not a coincidence. It’s structural. When an entrepreneur allocates his own money, every mistake costs him personally, so he learns fast. When a bureaucrat allocates other people’s money, every mistake is invisible, diluted, and often rewarded with an extra budget the following year. One has a feedback loop, the other doesn’t.

The conclusion imposes itself: the power to create systems in the real world must ALWAYS be given to entrepreneurs who allocate their own money. Not because they are morally better. Because they are the only ones who pay the price of their mistakes, and therefore the only ones capable of correcting them.

Milei has understood EVERYTHING. Rewatch his Davos speech. “The state is not the solution, the state is the problem itself.” Everyone laughed in 2024. Argentina has escaped hyperinflation while France is still looking for 40 billion in savings it will never find.

History doesn’t judge intentions. It judges allocation.

Plenty of jealous haters on here that aren't trillionaires.

5 hours ago, unblocktheplanet said:

One more POS who gives nothing back to humanity. If he gets knocked, wonder which of his baby-mommies gets the trill.

He provided free internet to Ukrainians

Yes, Elon Musk and his aerospace company, SpaceX, provided internet to Ukrainians by activating their satellite internet service, Starlink, following the Russian invasion in early 2022. [1, 2, 3]

They supplied thousands of terminals that allowed civilians, businesses, and the Ukrainian military to maintain vital communications when traditional infrastructure was destroyed

17 hours ago, FinChin67 said:

Oh wow, thanks for the masterclass in moral superiority—I'll be sure to forward it straight to the Department of Woke Platitudes.

And those 'repulsive' cuts to government programs? Nothing says 'regard for humanity' like defending the sacred, untouched blob of trillions in waste, inefficiency, and pet projects that somehow never quite solve the problems they were funded for.

Musk actually builds things that advance humanity—electric cars that scale, reusable rockets, neural interfaces, Starlink for places governments ignore—while your heroes admire the view from their taxpayer-funded offices.

But sure, keep reserving that admiration for the pure-hearted ego-free saints who never accomplish anything measurable. The rest of us will be over here watching actual progress.

AOC can maybe give you some therapy.

The Woman in Red, in the video you linked, is a Real Nutcase.

Just exactly what does she think Elon studied at Penn, while there?

For sure he studied science, and also did something at Wharton, as I recall.

She is just another NITWIT KNEE-JERK Elon hater, of which there are many among the Irrational Groups in America.

There will always be those who hate one thing or another for no real reason, and with very little if any evidence.

These are the Ideologues and Ignorant who do not even need a reason for doing or believing anything.

She should get herself a sign and join a protest group, or something.

Americans are a weird lot, most of them.

I should know, being an American, myself.

Americans have very low IQ, you know.

They are like children, driven by emotion, and are too lazy to get an education, or research a bit to understand the realities of our world.

Americans are getting stupider, by the year, it seems.

I recall, back in the 1960s when Americans were geniuses, by comparison to Americans today.

SpaceX can become a success story. As soon as he drops the Mars hocus pocus. Elon is a businessmen but knows nothing about phisycs.

Just calculating how much it would cost to keep one single human alive on Mars is mindboggeling.

This Mars BS could turn SpaceX into a veritable financial "black hole", nullifiying all other financial positive results.

15 hours ago, GammaGlobulin said:

Someone like, say, Teddy Kennedy?

He left a young lady to drown in his car. He didn't seek help, he found his lawyer.

8 hours ago, Patong2021 said:

No it did not. Your statement makes for a nice soundbite, but has no basis in fact. The USA continues to provide humanitarian aid through the state department. The bloated bureaucracy of USAid was not needed. The US taxpayers have no obligation to fund other governments. Beneficiaries had the option of cleaning up their own corruption and changing their spending priorities. It's not as if your tax dollars were funding the disbursements was it?

It’s not just a soundbite. The US continues to provide some humanitarian aid, but not nearly as much as before. My tax dollars were directly funding the aid disbursements, usually with the cooperation of host governments. (I used to work for USAID -- specifically, their regional inspector general’s office in Singapore, tasked with auditing USAID expenditures in the region and accounting for the money. The auditors, who spent weeks on site directly where the aid was distributed, were pretty fussy about that.)

Why should the US fund humanitarian efforts in other countries? Because it can. It’s as simple as that.

https://www.cgdev.org/blog/update-lives-lost-usaid-cuts

After more than a decade Tesla is still trading at outrageous PE ratio.

Bagholding will become sudden and unannounced. Like the great depression

8 hours ago, Nick Carter icp said:

He provided free internet to Ukrainians

Yes, Elon Musk and his aerospace company, SpaceX, provided internet to Ukrainians by activating their satellite internet service, Starlink, following the Russian invasion in early 2022. [1, 2, 3]

They supplied thousands of terminals that allowed civilians, businesses, and the Ukrainian military to maintain vital communications when traditional infrastructure was destroyed

Starlink is the only profitable company controlled by SpaceX. Everything else loses money

How much of Musk’s wealth comes from government help? Virtually all of it.

https://edition.cnn.com/2026/06/13/business/musk-trillionaire-government-tesla-spacex

“There would not be (Tesla and SpaceX) if it weren’t for the government,” said Ross Gerber, CEO of investment firm Gerber Kawasaki and an early investor in Tesla.

The federal government awarded SpaceX more than $500 million worth of grants in its early years. And that $500 million is just a fraction of what Tesla received from government grants, loans, contracts and regulatory policies.

23 hours ago, Cory1848 said:

No thanks. That’s great that you feel you have some special inside “understanding” of what drives Musk, but Isaacson’s book was largely panned as sycophantic, so you probably won’t get much insight there. Musk can do what he wants with his money, but his wholesale cuts to US government programs last year with no understanding of the damage he was causing were repulsive. I reserve my admiration for people whose regard for humanity extends beyond their own ego.

Tax the bastard. Use the money raised to put right the damage he has done.

Even with all that money, I have something Musk will never have!

I have enough.

The higher they fly, the further they fall, the greater the damage to those with selfish greed.

5 hours ago, TedG said:

He left a young lady to drown in his car. He didn't seek help, he found his lawyer.

As I say, he was not perfect.

Elon, on the other hand, would NEVER do that.

Elon cares deeply about humanity.

10 minutes ago, GammaGlobulin said:

As I say, he was not perfect.

Elon, on the other hand, would NEVER do that.

Elon cares deeply about humanity.

Elon caring deeply about humanity....or were you being sarcastic?

• Preventable Death Estimates Due to DOGE cuts: Analyses using modeling tools, such as those cited by groups like ImpactCounter, have suggested that hundreds of thousands of people—the majority of whom are children—have died or face increased mortality risk due to the resulting DOGE instituted funding gaps. Estimates of these deaths have appeared in various reports, with some figures exceeding 750,000.*

*From my mate AI.

1 hour ago, MIke B Bad said:

Elon caring deeply about humanity....or were you being sarcastic?

• Preventable Death Estimates Due to DOGE cuts: Analyses using modeling tools, such as those cited by groups like ImpactCounter, have suggested that hundreds of thousands of people—the majority of whom are children—have died or face increased mortality risk due to the resulting DOGE instituted funding gaps. Estimates of these deaths have appeared in various reports, with some figures exceeding 750,000.*

*From my mate AI.

Anytime you get serious about ending World Poverty, then please just let me know.

Meanwhile, why don't you watch a few pertinent lectures given by Jeff Sachs....

Elon's message, originally, was that the USA is running up unsustainable debt.

He is correct.

All you need to do, really, is tell Americans to downsize, BY HALF, what they consume and discard, foolishly.

And, PLEASE, STOP taking your kids to that WASTELAND that Walt Disney started, decades ago, and which is, as I say, a pointless wasteland.

This is NOT the fault of my fellow alum, Elon.

It is the fault of mindless Americans.

21 hours ago, Nick Carter icp said:

A Family isnt a person either

Take some reading comprehension classes...

5 minutes ago, pacovl46 said:

Take some reading comprehension classes...

What bit didn't I understand ?

The Saudi oil money doesn't go to one person

3 minutes ago, Nick Carter icp said:

What bit didn't I understand ?

The Saudi oil money doesn't go to one person

Mate, Saudi Arabia is run by the House of Saud. The head of government is Mohammed bin Salman and head of state is his father. They're the ones in power and they distribute the wealth made by Saudi Aramco, the national oil company of Saudi Arabia, which is owned by the government, which exclusively exists of members of the House of Saud and they've been trillionaires forever. Whether you want to get that or not doesn't change the fact!