this post was submitted on 30 Nov 2021
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United States | News & Politics

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In Leaked Email, Elon Musk Says SpaceX Is Facing Bankruptcy (futurism.com)
submitted 3 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[–] Johnny_Utah@lemmy.dbzer0.com 3 points 1 year ago

He's such a brilliant innovator. How could this happen? /s

[–] yogthos@lemmy.ml 1 points 3 years ago

I expect SpaceX will just get a massive bailout to keep going. This does highlight that free markets simply don't work for large scale innovation. Such things require huge amounts of capital and may not pan out in the end. The only way to fund this kind of innovation sustainably is by using state resources.

[–] Spacebar@lemmy.world 1 points 1 year ago

Article published November 30th, 2021. Clearly Musk was exaggerating.