Search results

He did, but his grift is orders of magnitudes less than Boeings. It's a huge net positive.

Making a reliable company that can send stuff to space is a huge improvement in general. Calling him just the cleanest dirty shirt is underselling what he did. His actions drastically reduced the amount of graft and corruption enabled by NASA, and are things I'd like to see replicated everywhere...

What he did with SpaceX, while still government funded bullshit, was a ton less cronyist than what was their before. Previously, it was funded via what are called Cost Plus contracts, where the contractors would run up prices because their profits were a percentage of the costs paid to produce...

I getcha. Yeah, not a fan of that entirely. But then I'm not really a fan of the fed. Still, that's not something that they should be broken up over, it's something that they shouldn't be allowed to do.

Um, no, a great deal of that wasn't politics, more Trump asking for stupid things (like blocking twitter users when you make policy announcements via twitter) or technicalities. Also, they backed him on a number of things too. And even when they are political, they aren't influenced by monetary...

Everything is political, but the judges are about the least political thing related to government we got in America. And they aren't going to do this. Please, stop swallowing the black pills. Especially not the dumb ones. Yes, but your belief that they'll work against long term interests on...

Constantly? Like all the time? Seriously, the courts are pretty good about this stuff because of appeals at the very least. No, they aren't. "X is a fourth government branch" is way overplayed. They are far less powerful than that. They can force you to do very little, if anything. And they...

BlackRock won't, I don't think. And honestly, they'd lose that lawsuit if they did do it, and possibly get sued by people for mismanaging their money (black rock doesn't own the shares, they just manage them. They've got a fiduciary duty that they'd be abandoning if they did). They really can't...

This should finalize in basically Musk making an offer to each shareholder, and the board and Musk has confidence that he'll be able to purchase >50%, as he has wooed key shareholders. The thing that is important is that I believe that he can also force a sale once he's in such a position. This...

And it seems like the purchase is official. https://www.cnbc.com/2022/04/25/twitter-accepts-elon-musks-buyout-deal.html

I doubt he is actually going to try to buy Netflix. Netflix worth about 5 times what he offered for Twitter, and is actually profitable.

No, it's not. He already bought that. That cost him $3B. This is $25.5B in loans plus Elon promising he can pony up $21B (not sure if it counts the $3B).

So I was right, Elon did secure financing: https://www.sec.gov/Archives/edgar/data/0001418091/000110465922048128/tm2213229d1_sc13da.htm Not a surprise to most in this thread, but useful info for the others.

Again, HE'S ALREADY LIQUID. He doesn't have to sell more. How many times do I have to say this? Again, this already happened. The results of this have already been priced in. He's still the majority shareholder, no massive dip. Third time, it's already sold. Tesla has jack shit to do with this...

It did drive the stock up, what does that have to do with anything? Musk made an offer price that's still higher than the current price. He has the financing to purchase it, because if he didn't, he'd run smack into the SEC again. Now he may not actually follow through with it, but he needs to...

That's an option, but Elon has a lot of other options, being rich and such. Getting liquidity is expensive, but very doable for him. The LBO example was just an example of how a purchase could be done with little liquidity, not the only example. Also, he's said he's willing to keep as many...

I didn't say they would sell, but instead that they would vote for a sale to Elon. This isn't actually buying or selling, and passive investors do actually vote for good or for ill. Here's a paper complaining about it, for example...

No, best case they vote for a sale, worst case they don't interfere. They aren't activist investors, they just invested for the money. So a sudden buy means either a) they bought for a quick payoff, which is pro-Elon, or B, they just think the stock price will rise regardless. The liquidation...

It being a bunch of index funds makes the purchase make a lot of sense then. That's good news for Musk. No, he definitely can. He already did a massive liquidation earlier this year of stock which gave him billions in liquidity. Then there are a lot of ways he can go about a purchase of stock...

I don't know that he could, but without a vote, shareholders could.