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4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago

Five People Founded Tesla, But Only Elon Musk Became Extremely Rich

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Five People Founded Tesla, But Only Elon Musk Became Extremely Rich

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4realz@lemmy.world to Technology@lemmy.worldEnglish · 1 year ago
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The untold story of Tesla’s unlucky co-founders and how they missed the billionaire bus
  • echo64@lemmy.world
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    1 year ago

    Here’s the rub. Starlink is not and can not be profitable without venture capital and subsidies. It exists to funnel money away from taxpayers. It’s a con built on lies like the rest. At least some people get to benefit from this, unlike people sold overhyped cars and promises of Mars colonies, but that’s changing with price hikes and service degredations too.

    • cole@lemdro.id
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      1 year ago

      can I get a source on the math for this? I haven’t heard that before

      • echo64@lemmy.world
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        1 year ago

        What math do you want? The cost of launching infinite space ships forever is more than what subscribers pay. The satellites fall down in about a year and new ones need to be launched. The subscribers would have to pay for every single rocket launch. Right now American tax payers do.

        • cole@lemdro.id
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          1 year ago

          The problem is you say this with certainty but have no numbers or evidence to back it up. How do you know the revenue from subscribers can’t cover rocket launches?

          • echo64@lemmy.world
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            1 year ago

            It got almost a billion dollars in subsidies from America last year. This is whilst being unprofitable.

            • cole@lemdro.id
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              1 year ago

              It seems Starlink A) isn’t getting subsidies and SpaceX is B) providing services in exchange for payment rather than just getting free money.

              On top of this, SpaceX is reportedly still profitable. I just don’t understand your argument here. No sources, no actual hard data just conjecture.

              • obviouspornalt@lemmynsfw.com
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                1 year ago

                Starlink was definitely on track to receive significant subsidy, the FCC recently rescinded.

                https://www.reuters.com/technology/space/us-agency-will-not-reinstate-900-mln-subsidy-spacex-starlink-unit-2023-12-13/

                • cole@lemdro.id
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                  1 year ago

                  Alright, this doesn’t support your argument. That is a counter example that SpaceX ISN’T receiving subsidies. Anything else? I do appreciate the discourse though

                  • thallamabond@lemmy.world
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                    1 year ago

                    Musk’s companies had received an estimated $4.9 billion in government support by 2015, and they’ve gotten more since.

                    https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12?op=1#spacex-lands-a-289-billion-contract-with-nasa-in-april-2021-1

                  • obviouspornalt@lemmynsfw.com
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                    1 year ago

                    I didn’t make an argument, I just provided primary source facts.

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