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After years of resisting it, SpaceX now plans to go public. (arstechnica.com)

submitted 5 months ago by ludu@sh.itjust.works to c/spacex@sh.itjust.works

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This might be the beginning of the end for the whole Mars plan…

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[–] threelonmusketeers@sh.itjust.works 19 points 5 months ago* (last edited 5 months ago) (6 children)

Good article from Eric.

If AI is something of a bubble, ten years from now, SpaceX may be sitting on hundreds of billions of dollars worth of satellites in space for which there is limited use. Maybe shareholders would rather SpaceX make them multimillionaires than make humans multiplanetary.

Yeah, this seems like the biggest risk with this decision.

[–] burble@lemmy.dbzer0.com 8 points 5 months ago (5 children)

They saw grifty startups getting money and realized that they could grift WAY more money than them. I'm surprised that they haven't announced something like "advanced custom grok silicon on every Starlink".

If anyone can make it work, it's the company that has made, launched, and operated by far the most satellites of all time. I still don't see the point, though.

[–] Peppycito@sh.itjust.works 2 points 5 months ago (4 children)

I think they saw New Glenn land and are worried they're going to get leapfrogged. I bet starship is a long way from actual service. Hence trying to cash in on some bullshit hype train before the curtain gets pulled back.

[–] cole 4 points 5 months ago

nah, New Glenn is neat but it is not competition for Starship. glad it exists though

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