He's also going to dump these risks on the public while all his early investors make off like bandits based on the valuations achieved by these the preposterous claims. Nothing remotely close (within 2,3 or 4? orders of magnitude?) are possible on this timeframe. Of course by that time spaceX will be IPOed all investors will have exited (twitter the bailed out failure and xAi under this scheme) and the lions share of risks of this failure will born by the public funds that will have to buy massive amounts of this insanely large company when it's included on all major indices.
Sounds good to me! They can pass them on to their customers. Then we can each voluntarily decide if those products and their actual costs including externalities are worth it. Sounds like a basis upon which to construct a rational market place rather than opaquely burying the true cost of their business using subsidies comprised of my tax dollars. Would be great if their heavy vehicles paid their share of road wear too, so the full costs of their products were built into the prices consumers pay rather than me! I guess giving rich people handouts to let them grow richer is cool too.
That's because the to centrist liberalism (ie you) is just crazy. Reactionary emotional vitriol m.There are not a lot of credible conservative voices anymore, sorry you all got suckered into this nightmare and for whatever reason lost your independence if you ever had any.
Grandma's pension fund and your 401k passive funds will certainly be providing the liquidity ( through necessary purchases post IPO) for the private equity firms and middle eastern governments to escape with outrageous returns provided by ridiculous valuations. Then the risk is on her. What a stupid bitch!
Nope the lack of scrutiny and regulation of lies harms us all. Public funds are forced to automatically aquire these companies after their inclusion on indices. These inflated valuations facilitate liquidity for the xAi, and twitter investors to escape at very good returns. Aka private equity and middle eastern governments. And it gets dumped on the rest of us via pension funds and investments we have very little control over and no say in. It is a literal scam.
Yes. I trust bureaucrats tasked to apply their expertise into the execution of a carefully designed and constrained administrative function infinity more than pretty much any politician. Furthermore, any conceivable issue I might have (accountability, transparency, corruption) can much more swiftly and be easily dealt with using legislative policy.