Charlie StrossJun 23

RE: https://mastodon.social/@blogdiva/116800702398076972

I remember this happening A LOT in 2020: overvalued prices at IPO followed by a brisk tumble and no recovery ever.

SpaceX has a viable rocket business (Kesseler syndrome permitting) but in no way was the IPO price justified and those shares are never going to recover this side of 2050.

Show threadRay McCarthyJun 23

@cstross
For the rockets that are proven to work, but hasn't even that been effectively subsidised?

The current "Starship" seems a flawed concept (and name).

Show threadCharlie StrossJun 23
@raymaccarthy Starship is probably going to work, but could have been working better and sooner if the'd kept Elon far away from the design process.
Show threadTim Ward ⭐🇪🇺🔶 #FBPE

@cstross @raymaccarthy We are told that SpaceX had entire layers of management dedicated to stopping Musk breaking things.

Twitter didn't, which was why it was so much easier to break.

Jun 23 at 10:33pmWeb