Forgot your password?
typodupeerror

Comment Re:Also known aw a "slop fest"... (Score 2) 6

Did they have any to begin with? I don't think this will help them at all, but their alternative is to drown anyway. For reference, their stock is down 85% over a 5 year period. Maybe this will keep them afloat for a while longer (or more likely make them a more attractive buyout target) or it's just a last gasp for air on the way out (which is where they're less attractive buyout target, but eventually become cheap enough for someone to scoop up).

Comment Re:If I ruled .. (Score 1) 124

Presumably it's possible to have freedom of movement while still prohibiting people from establishing residence there. Crossing into Mexico from the U.S. is as hassle free as getting across the border (getting back in is another story) but if I tried to live there without authorization the Mexican government would deport me.

Comment Re: Congrats to Mr. Musk (Score 1) 294

Lol. People keep repeating this without the slightest idea what it means.

Banks aren't dumb. The restrictions on a billionaire borrowing money are pretty much the same as the restrictions on you borrowing money. It seems like there are fewer restrictions because (1) they're borrowing much less relative to their assets than you are and (2) you probably have only a vague idea of the process based on people making shit up.

In fact, if you're like the majority of Americans and have ever had a car loan or mortgage, you've pulled off the weird trick of using the thing you're about to buy as collateral for the loan you're going to use to buy it. And if you've got a mortgage, you've probably gotten a special sweetheart deal sponsored by massive government intervention.

Comment Re:Is he really a trillionaire? (Score 1) 294

I'm not sure exactly what you're talking about because you neglected to say what "that" is, but assuming you mean either book or liquidation value, you'd assess SpaceX's book or liquidation value and then give a share of that to Musk.

Yes, it absolutely requires estimation. That's why we have so many different methods despite your assertion that "I haven't seen really any better ideas deployed". The only actual objective method for assessing the value of something is selling it. All other methods are estimates. Market capitalization is arguably the worst because it estimates the value of the whole based on what somebody pays for a (usually) very tiny piece. If I pay you a dollar for a blade of grass on your lawn does that make you a billionaire?

Comment Re:Is he really a trillionaire? (Score 1) 294

Problem is that doesn't work either, since the asset 'value' is unknown until transacted, and also ignores the stock value entirely, which is generally not nothing.

For my net worth, you would absolutely count my stock holdings, because at that relatively mundane level, I can probably sell it at the extrapolated price. If you have even a couple million dollars of stock in a big company, you will barely move the volume of trades for the day, so the extrapolation works in isolation.

But when the amount becomes a significant portion of typical volumes, then the transaction will not pan out at 'market rates'.

So we have this awkwardness of something that is definitely worth some cash, but the extrapolated value can't predict the real value, and the other measures would fall short.

Comment Re:Bribes (Score 3, Informative) 33

Then again, he didn't issue 'pre-emptive' pardons for his family, friends, crackhead son, etc yet,

The only reason Biden issued those pardons was because Trump was bragging about how he was going to weaponize the DOJ to go after people.

As for the clemencies, that does not absolve the person of the crime they committed. All it does is show mercy on them.

Compare that to all the January 6th terrorists who have been pardoned. And now there's talk of paying them for their troubles. No, not the $1.8 billion "anti-weaponization" fund*. There is still talk of paying these people for their crimes.

* Anti-weaponization is straight out of Orwell. Or the Soviet Union. Take your pick. Apparently imprisoning people who attack police aren't criminals in his eyes.

Comment Re: Congrats to Mr. Musk (Score 1) 294

I don't disagree. I said back before the IPO that there were going to be a lot people people buying SpaceX stock as essentially a collectible, like DJT stock. That means most of the value depends on what Musk's next tweet is, or whether he has a heart attack tomorrow.

I don't think it's quite as irrational as you imply though. There is potential in space industry that cheap access opens up. How much is very much a matter of opinion, but it's not zero. Starlink is probably just the first example of something that was not economical at all pre-Falcon but is a pretty good business post-Falcon. There will be a bunch more if Starship delivers, which is looks like it probably will, eventually.

Anyway, "the market" is consenting adults. If somebody wants to blow $170 on a share of SpaceX without any regard for what it's actually worth that's not really much different than spending that much on a $20 bottle of wine at a restaurant. And if you think it's going to be a revolution in whatever, well, lots of people make proportionally bigger bets every day when they decide to start a business.

Comment Re:Amazing... (Score 1) 20

I love how it's so blatantly obvious that they are leaning into software development and the models are assuming you are going to write some C# to adjust brightness.

No idea if that's even close to right and I'm not inclined to check, but the fact the first answer is not "Well, find the brightness buttons and press them" is telling.

Comment Amazing... (Score 2) 20

In a sane world, you might expect the Windows 'integrated' AI to be wired up to just... adjust the brightness..

But *fine*, you don't wire it up, you might then at least hope the AI to say "That capability is not enabled, but here is some help text telling you to do it".

But nope, "That sounds like something an ioctl would do, and I don't know the ioctl per se, but let's just submit random bullshit ioctls and *maybe* it will happen to do as user requested?"

Slashdot Top Deals

"It is hard to overstate the debt that we owe to men and women of genius." -- Robert G. Ingersoll

Working...