@ChristNotMoney@Vorn_Paul@FT John is the type of guy who hates these so-called ‘rich’ people. But would happily spend their money. Duplicity is lost on socialists.
@londonHenryGB@an0n_Nic What do you expect from socialists? They hate you for being successful and earning a decent wage (relatively speaking), but love to spend your money. Duplicity is not a concept they understand…
@afneil You’d be better off trying to play chess with a pigeon than explain economics to some people, Andrew. Especially the ones incapable of seeing all the facts.
@London_W4 Driving through Streatham early morning - not a lot of diversity on show. The guy sweeping the street - white. The commuter on a bike - white. The people walking to the tube - white. It’s the complete opposite come night time ☯️
@pecosprincess@frentzen_hh@Minonkh1 Point 1: A net worth of $1Tn suggests he knows more about innovation and management than you or I.
Cash burn in early-stage / growth companies is hardly a revelation. Not sure what your argument / point is. Musk is a commercial failure? See point 1…
@SHopemaster@frentzen_hh@pecosprincess@Minonkh1 No doubt, the IIs who got in early [& SpaceX employees btw] had the best deals. There’s a fair chance the SP will drop and a better entry will be had. This is how markets work - no amount of conspiracy theories and anti-Musk rhetoric will change that. Don’t hate the player…
@SHopemaster@frentzen_hh@pecosprincess@Minonkh1 Oh, Steven. If you think SpaceX is financed by ‘fanboys and cult members’ and that business doesn’t require investment, you’re a dreamer. It’s rather a naive take. But don’t take my word for it - check with Fidelity Investments and Baille Gifford. PS - I’m not invested directly.
@SHopemaster@frentzen_hh@pecosprincess@Minonkh1 Homework here.
Musk employs ~140,000 people across his different ventures. Who all pay taxes, helping to fund government programmes across the board.
Extra points for working out how much that adds to the pot. I’ll wait.
@pecosprincess@frentzen_hh@Minonkh1 Successful companies are built on commercialising great ideas. Inventors don’t necessarily make great CEOs. But that’s clearly lost on you 👍🏼