The Importance of Being SpaceX - Tesla might be suffering, but SpaceX is poised to profit off billions in new government

[cliffside]

contracts

Full article ...

https://www.nytimes.com/2025/03/24/us/politics/musk-spacex.html?unlocked_article_code=1.6k4.LhI3.gQNE4ty0X3Fe&smid=url-share

"Much attention has been paid to how Elon Musk’s high-profile role in President Trump’s White House has hurt Tesla: Sales are falling, its stock price has slipped from its peak and embarrassed liberals are turning their cars back in.

Some of that attention is being supplied by Trump himself. “I know you’ve been through a lot,” Trump told Musk during today’s cabinet meeting, at which Musk perched at one end of the table wearing a red hat that said “Trump was right about everything.” Trump portrayed him as stoically weathering the backlash against his businesses.'

... SpaceX is positioning itself to win billions in new federal contracts from the Pentagon, the Federal Aviation Administration, the Federal Communications Commission and NASA, Eric writes. The scale of the business is staggering, as is the potential for conflicts of interest.

... All of this appears to be good for SpaceX’s bottom line. The company is privately held, but Forbes recently estimated that Musk’s stake in the company was worth $147 billion, more than his stake in Tesla... "

[LS0999]

1. How can we turn this Nazi parasite into a poor man?

It seems like this man is unstoppable.. He's going to have access to loot trillions in Social Security so it really doesn't matter much to him if the Tesla brand is destroyed. He only owns 13% of the company. The other shareholders will be left losing.

[cliffside]

2. Not sure, his tentacles are spreading even further in this admin after buying a puppet....

https://www.nytimes.com/2025/03/23/us/politics/spacex-contracts-musk-doge-trump.html

"... Mars Bound at NASA

Mr. Trump’s nominee to run NASA, Jared Isaacman, is a billionaire entrepreneur and a space enthusiast. He paid SpaceX hundreds of millions of dollars to fly — twice — into orbit aboard a rocket.

More importantly, his payment processing company, Shift4 Payments, purchased a stake in SpaceX several years ago, an investment that generated $25 million in gains in recent years, effectively making him and Mr. Musk business partners. That SpaceX stake was recently sold, a Shift4 executive said. In ethics documents released this month, Mr. Isaacman vowed to sever any remaining financial ties he had with SpaceX.

If confirmed, Mr. Isaacman will join Michael Altenhofen, who in February was named a NASA senior adviser after 15 years at SpaceX.

NASA has already paid SpaceX more money than even the Pentagon — a total $13 billion in contractual commitments over the past decade. Those deals include hiring SpaceX to deliver cargo and astronauts to orbit and to send NASA’s biggest and most expensive probes into the universe..."

[Polybius]

3. SpaceX is unstoppable

I predict that they will send a human to Mars before NASA. That statement would have been laughed at 10 years ago (and might still be), but it's looking more real every day.

[cliffside]

5. Maddow Mocks Musk's History of Bad Predictions

Guess we'll see?

https://finance.yahoo.com/news/maddow-mocks-musk-history-bad-203130185.html

"Maddow played a series of clips featuring Musk’s failed predictions.

In 2016, Musk predicted his company would send a manned voyage to Mars by 2025.

“Here it is, 2025. Mars isn’t nearly as hot as I thought it would be,” she quipped.

Other bad forecasts: Musk promised Tesla would have a “million” self-driving robotaxis on the road by 2020; Musk said in 2013 that California’s 700 mph Hyperloop train would debut within several years; Neuralink would start human trials for a brain chip that allows users to control devices by 2020. Not one of these projects has launched, and Musk has abandoned the Hyperloop idea altogether."

[Polybius]

6. There's no doubt that Musk has a history of overly optimistic predictions

And I don't see SpaceX doing it in the 2030's. With that being said, I don't see NASA doing it then either. I think it gets done around 2045. Maybe a little later.

[cliffside]

7. Wonder which government Musk will be working for in 2045

[Polybius]

8. Hopefully none

He'll be in his 70's and maybe retired by then.

[cliffside]

9. LOL ... I like your answer! :) nt

[hunter]

4. Humans will land a few more people on the moon and that will be the end of it...

... possibly forever.

I hope nobody dies performing these party tricks.

Starlink, SpaceX, etc. are not economically viable without huge government subsidies.

Starlink will become even less viable as other nations come to regard it as a threat to their national security.

If it's true that everything Trump touches dies, I hope Musk's long joyride at taxpayer expense dies sooner rather than later, and that all his companies go bankrupt.

[RJ-MacReady]

10. when our side takes power

We need to go after SpaceX and see to it that all it's contracts are null and void. Then seize starlink by force under thr guise of national security. Then officially move to strip Musk of citizenship. And make no mistake I DO NOT care how any of this is achieved.

[Initech]

11. Musk is an enemy of the state as far as I am concerned.

[Maru Kitteh]

12. Musk is the enemy of Earth, all life.

Truly, all of it.The only exceptioins being male humans named Musk.