zlacker

>>g-mork+(OP)
From the Big Short (movie)

Jared Vennett (narration): "In the years that followed, hundreds of bankers and rating agency's executives went to jail. The SEC was completely overhauled, and Congress had no choice but to break up the big banks and regulate the mortgage and derivatives industries."

"Just kidding. Banks took the money the American people gave them, and they used it to pay themselves huge bonuses, and lobby the Congress to kill big reform. And then they blamed immigrants and poor people, and this time even teachers."

>>eduard+tq
I feel like without adding some commentary with these quotes this comment lacks enough info to see how it relates to the linked article.

>>Fogest+Ku
This merger smells like a bubble. Servers in space? They don't make enough to cover costs here on earth. Americans will be forced to bail this mess up because we need Falcon 9, Starship one, etc.

>>rluna8+Sy
The military (and/or government) should keep paying in advance for anything they need from SpaceX and make sure other unsecured creditors are not tooo significant.

When it all goes bankrupt, they can pay off the bonds for x¢ in the dollar and own SpaceX.

Perhaps if the gov could organize a little better, they'd make sure SpaceX owed lots of taxes and put themselves in front of the queue for ownership and screw other creditors (especially foreign).

Edit: looks like the US military doesn't spend that much on SpaceX: https://londoneconomics.co.uk/blog/publication/crouching-riv...

>>roboca+3B
The magic is not money or subsidies. Boeing got far more and they produced bupkis. Its organizational excellence. I don't know if that would survive. I guess if they can keep Falcon 9 stable then its still worth something but I imagine the star employees who grind themselves to dust getting this stuff to work do it for the mission and would depart if this occurred. Would Falcon 9 fall apart of that happens?