Technology

The CEO reports to the board, which reports to the shareholders. This is how it always is. His goal is basically pointless - even if the board did create a policy, or a charter or whatever, it could be revoked just as easily.

If you want to be calling the shots in a way that you can't be fired, you have to become the majority shareholder. Like he did with Twitter. But then your customers can still leave. I'm sure that's why he's trying for those hefty govt contracts that can't be terminated so easily.

If you want total control you need to take 100% of the risk. If you want to use other peoples money then you are gonna have a board. Typical elon wants to have his cake and eat it too.

I remember a rumor SpaceX actually employs handlers to distract Elon to keep him off causing problems.

All these dictators and authoritarians want to die on the throne.

The article doesn't say what happens if his mental state worsens. Humans do get sick.

If e-lawn had a massive coronary and died, the world would still go on.

So if he died of a heart attack, SpaceX would just implode?

LMAO

Elon Musk is expendable. Punting him would likely improve all important metrics at SpaceX.

Strap him to the outside of the next rocket they launch.

He lies to the board just like he lies to everyone else, fascists don't use language to convey meaning or share information, they use it as a weapon to manipulate and intimidate.

secret knowledge previously known only to long-dead aliens.

Ohhh... well... didn't know he's come that far already.

'Lunatic' is from Luna = the moon, right?

There's always the guillotine option. The preferred option actually.

Damn, the same way Tesla reaches FSD next year, thanks Elon for saving the World one promise at a time! /$

Punchable face of an apartheid beneficiary.

So as a summery investing in spaceX means

• No intention of a short or long term investment
• realistically no control over company choices regardless of share type.

The article is pretty accurate: if you buy in you are only there for the ride. Meaning hopefully you are there hoping he actually can produce what he claims he wants to do.

Okay, so there's going to be no dividends because it won't be making profit, and the stock price is going to be manipulated by Musk, who's already shown he'll say weird shit on Twitter to drop Tesla's price when he wants to buy some shares back. And on the other hand, the growth part of the equation is also predicated on him saying crazy shit on Twitter. He can't be voted out either.

Crypto seems like a better fucking investment at this point. I hope his IPO fails, but everyone's so hyped up on infinite growth in stocks that are already overvalued that there's just way too much stupid money going around right now.

Yes, I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars, not pandering to someone’s bullshit quarterly earnings bonus!

That's all well and good, but if you consider how rich he is, and how he has rich friends who probably share his ideals, it becomes fairly obvious that this is the rug pull of the century. Otherwise if he doesn't want to be liable for making number go up, he could make sure that only people who agree with him own any stock rather than going public.