“GRIFT” - Whaaaat sorry man but you’re wrong on this one. Love your stuff but you obviously have some sort of bias here. So you don’t believe Elon is sincere in his ultimate goal? If you do, then how the F can you call what he is doing a grift? This guy has achieved more than you and I times 1,000 ever could. Changed the Space industry, the car industry, heck with Neuralink and Tesla bot too. That not good enough? What more do you expect from him??
The logistics for any Mars flight doesn't add up. Starship can't get to low E orbit unloaded. Nasa now admit it would take at least 16 starship to refuel one to go to Mars. Unworkable
Spacex haven't met the Nasa artemis project deadline. They were contracted to build a luna landing shuttle and Musk decided to build an unnecessary biggest spaceship just so that he can brag that he has the biggest rocket. So he bit more than he can chew and now they've been failing with every test launches blowing up rockets, wasting money. Nasa has paused funding to Spacex as a result of their incompetence. The Common Sense Skeptic channel has a well researched series of videos on this topic.
@@chiquita683 "We"? You mean the rulers, the govt. which produces NOTHING except false promises? Yes, that grift has been going since cities began. And continues to be "The Most Dangerous Superstition" (Larken Rose). No progress happens in the public sector. See the US space program that went to the moon and gave us "Tang". All progress is achieved by free people, freely acting to realize their dreams, e.g., Elon Musk raising money without taxation (theft), and creating value we all enjoy, while working toward species expansion into space that stopped 55 years ago. He and his engineers have done more than all the governments put together.
@@chiquita683But we can explore the oceans, we just choose not to do it more. And space travel is actually easier than dealing with the depths of the oceans. The hardest part about space is just getting up there. Once an object is in proper orbit it can stay there indefinitely. Or we can shoot things into deep space just by making them go faster. In fact, one reason Musk’s Mars mission is bad is the likelihood they miss Mars and the ship ends up as a permanent tomb orbiting the Sun. But the pressure involved in space is just normal air pressure. Pressure in the deep ocean is far higher and more dangerous, like we saw in the Titan sub. A tiny hole in a spaceship is easily repairable, since it’s just normal air pressure pushing out. A tiny hole in the deep ocean is instant death.
Me too. Earth will ALWAYS be the best place in our solar system for humans. I think Musky is about perpetuating our species if there's a giant asteroid strike.... but he can't raise money on a catastrophic obliteration of Earth.
Mars is like the worst case scenario of a post apocalyptic Earth. Without a magnetic field, too. I can't wait for Elon Musk sitting in a Martian cave in a space suit trying to grow potatoes from his 💩.
Just so people understand how stupid the idea of colonizing Mars is, Antarctica during the worst winter storm or the Sahara desert during the hottest day in the summer is still more habitable than mars on its best day. We can’t even build a self sustaining environment in these locations right here on earth.
Exactly 👍. If the test habitat fails on Earth you can get out and at least breathe with help not far away. On Mars everyone involved is fucked - and that's why Elmo will never get there. Suffocating is for peasants...
Once Mankind has sizable presence on Moon and mastered living in deep space, growing food in deep space and manufacturing everything away from Earth, then we can think about going to Mars. But to go to Mars now and make self sustaining colony there is like a new born baby trying to climb top of Mt. Everest. It's just ridiculous.
Yep... Just like Antarctica, except... no water, no food, no air. The dream is to have humanity present elsewhere in the solar system in case it's wiped out by some catastrophic event on Earth. So the Mars colony should be self-sufficient. This necessarily implies mining, metallurgy, glass making, plastics, electronics, etc. Come to think of it, it might be simpler than we think: robots are just around the corner!! All that's needed is a few tweaks on the FSD software! I swear it's not complicated! We can do it today!
We haven't even managed to keep people on the moon permanently. Why would he think a planet 283.07 million km away would even be remotely realistic with our current technology?
We can’t even build a self sustaining colony in the most uninhabitable locations right here on earth ie Antartica or the middle of the Sahara. That’s how silly this idea of colonizing another planet is
No one is trying to build self sustaining colonies on Antarctica. In fact it is against all international law. People live there for years at a time. It does create its own energy and oxygen I believe. The moon does not have the resources that mars has. Like, an atmosphere. Accessible water and regolith. While a colony will be placed there and will be as self sustaining as it needs to be within the next 50 years. There is little purpose to a self sustaining colony in domes on a rock that cannot be terraformed. The purpose of the moons colony will be providing a way station and fueling stop for the missions to Mars and Europa and Titan within a century after. The moon is a gas station full of Helium 3 for exploring the solar system. A self sustaining terrarium could be plopped onto Antarctica tomorrow. ( In fact there is probably several there already. ) or to the moon, or mars for very little cost. But a colony with a future only lies in terraforming and the construction of plans and support for terraforming.
I think you have missed the point of SpaceX. Supervolcanoes or an asteroid impact are the serious natural hazards that are most likely to make Earth uninhabitable. They have happened in the past and will happen again. One is currently rumbling directly under Naples called Campi Flegrei and the Italian government is in panic mode!
You missed a couple crucial points that make this even more certain to be a grift: 1. What are the key aspects of Elon‘s plans for bars is to generate fuel from the Martian atmosphere and water under the Martian surface to power of the starship for return flights. However, there is no pilot plant for this activity on earth yet. It would be much easier to do this on earth because the atmospheric pressure is so much higher and there’s abundant water and yet there’s no prototype plant yet. 2. There is no prototype of what an initial Martian comedy would actually consist of. If you don’t have a prototype of what an initial Martian colony would consist of, how do you know how much stuff you have to bring from the earth to Mars to establish one? The fact that such a prototype does not exist means that the starship as far as being a mars vehicle really has no solid requirements to, use as the basis of sound engineering.
You are ignoring like 40 years of work by the Mars Society and others exploring these questions The sabatier reaction works, it was discovered a long time ago, it's been demonstrated. There's CO2 and hydrogen on Mars in water. There's also dirt on Mars but nobody is trying to make fuel from it which would require demonstration in a way the sabatier reaction doesn't because it's already been demonstrated robustly.
@@HaviccB "If you don't know where you're going, any road will take you there." Building a spaceship to go to Mars when you don't have any sort of feasible plan for actually going to Mars and colonizing it seems to be the height of bad business judgement. Or, as the kids say "Elon Genius!".
@tobuslieven Please read what you just wrote. No cash, no company... No company, no assets... No assets, no return for investors... Meanwhile Musk will be off marketing the CyperLoop and HyperTruck, with deliveries to Mars in 2125...
Owning a planet is useless for our needs. It's better to mine asteroids for resources. As a colony though, it's priceless. But people won't pay for priceless. I seriously doubt a private company can actually do anything useful by themselves. NASA had to get all the major companies to come together to make something to go to space. Space X could be a first step, but it's not the end. I hope.
Is it possible that Elon has based his entire business model off of the underwear Gnomes made popular by South Park? First step, you steal all the underwear. Third step, profit. Of course, neither Elon nor anyone else knows what the second step is.
@@dong9514 You are almost correct. For Elon step two is collect money and step three is make profit. You forgot the first most crucial step that Elon always engages in, which is to make absolutely wild promises that are completely impossible to fulfill, but that excite people. Once you’ve done that people will give you money. Note that there is no step four where promises are kept. That is vital! That would spoil the whole plan!
@@wbwarren57 what do you call Starlink ? You ever heard of Starshield ? Who do you think ate the launch market through slashing costs. You should familiarize yourself with the Jevons paradox.
10s of billions is nothing - 10s of trillions is a more believable amount. Zuck spend 10s of billions just creating a video game with terrible graphics and no gameplay.
Sorry but Elon’s only upfront after getting investors money. While he’s begging he’s making completely different statements than he’s making now after he can’t keep playing the “fake it till I make it “ strategy. There’s a reason he’s currently being investigated for multiple forms of fraud at the moment.
You should watch all of Elon’s investor presentations for all his different companies, they’re all filled with failed promises and just flat out lies. But yes I blame people for trusting someone like Elon with his track record
Not all investments are made with the expectation of a financial return. Sometimes people invest in a venture because they believe in its superordinate purpose.
@@ProuvaireJean This is the biggest cope I've ever heard. That wouldn't be an investment, that would be a charitable donation. Investments are explicitly for financial gain. Buy whatever stock you want but you're trying to convince yourself you're some high-minded paragon and that it's fine you lost all your money because you're working towards some kind of fantastical project that'll somehow save the huamn race
Wait, you're telling me SpaceX isn't valued based on fundamentals? Boy, I never would've guessed. He has no other companies that deny the laws of financial physics that I can think of.
Starlink is a spaceX company. Starlink and spaceX have more satellites in orbit currently, than all other satellites launched in human history. They provide extremely high compute and reliable internet speeds in impossible to reach areas. And they are impossible for a bank to repossess.
I don't even get what people are mad at. SpaceX is absolutely crucial for United States. In case you guys don't know, DoD wants to manufacture thousands of spy satellites so US would have real-time observational ability of everything going on. Plus there's weaponization of space. Why do you think Russians are going so much into hypersonics ? SpaceX launch ability could lead to a working ABM, which would negate existing nuclear deterrents. There's just so many possibilities that an absurd valuation is the least of anyone's problems.
@@Daedcicar I know you don't believe me, but do you think I care? my average cost basis is $28 per share, that's why I found the comment funny. I think I'm typical for those with more than a mil in TSLA
@island97 Really? Semi is a failure. The roadster promised has not materialised. The model 2 is not going to happen. We were promised 1 million robo taxis by 2020. We were promised 30k revenue per year from our model 3s. We were told that the cybertruck was the best car Tesla had produced. The only delivery I'm seeing is of lies.
If you ask the questions "what are the biggest problems facing humanity" this leads you to develop green technology and mars expeditions. It is a logical and rational decision if asking those questions.
It's amazing how we humans are so not self-aware of our mortality. Chances are none of us are going to see any of these plans come to fruition. Even if the logic was sound in executing those plans with progress moving steady with tangible results towards colonization.
Robots can assemble structures remotely. Mars contains a lot of carbon dioxide. And iron. And sunlight. It has abundance that can be tapped by humanity if they so choose.
@@sandran17why is it so scary? As much as people love to believe they are god, we can't destroy the earth nor make it unhabitable. No reason to think we need to leave to survive.
In the grand scheme of things, we're a spec of dust in the history of Earth, which is itsef a spec in the universe. It's fun to pretend we're the protagonist of the universe, especially when we bend glass and sand in clever ways to see far beyond our reach, but the physical limitations of our fragile bodies and lifespans puts a very short distance on how far we can go even if we solve every logistical challenge of space travel.
@@chrisdonish we don't have to be gods to drive species to extinction, including possibly our own. We're already causing the sixth mass extinction in Earth's history by reducing and degrading wilderness areas and by causing the exceptionally rapid warming that we've undeniably observed in recent decades. The latter may result in crossing tipping points that lead to accelerating and unstoppable warming, and over centuries Earth becomes a deadly hothouse planet like Venus. It's probably an unlikely outcome because we would surely come to our senses in time; but we've yet to reduce our greenhouse emissions despite decades of warnings about very bad outcomes. I don't know if a complete exchange of all nuclear weapons would leave Earth uninhabitable. The more likely outcome is only hundreds of millions of people die from environmental catastrophes or a nuclear missile exchange.
You've got to get to Mars without suffering from the effects of radiation exposure before you worry about living under ground. Six months without an Ionosphere and magnetosphere surrounding you is a long time.
This is just hugely exaggerated. If you spend 2 hours outside in the sun you will need 120 years to be exposed to 1 Sievert of radiation which is considered an unhealthy dose. This is as much exposure as an average air crew. If you spend 2 hours in the sun per day in the sun in Singapore or Brazil the UV light will actually cause more damage to your body than radiation on Mars.
I don't know why, but I always obsess about the gravity the most. Mars gravity is 38% of Earth. Prolonged low gravity can't be good for the human body, right? And it's not like that can be engineered away. Gravity is a constant.
@@johnhutchinson7343 There are many problems with colonizing Mars. Gravity is a problem, oxygen is a problem, radiation is a problem (cancer and genetic defects), Mars dust is fine and prone to stick to everything due to static electricity, power is a problem (unless you have big solar arrays, which are subject to being covered with dust), and, social isolation is a big problem, supply is a problem since the good launch window occurs only once every 27 months, and you'll need good medical facilities including surgery, multiple doctors to care for each other, dental care, drugs, etc.
@@softwarephil1709 I bet you anything that even with all these issues a surgery on Mars will be cheaper than in the US. And power will be cheaper than in Germany.
lmao SpaceX is raking in dough and the side project starlink is cashflow positive. I know Elon haters blindly hate anything, but SpaceX has saved the US billions and will continue to save billions, while making a profit.
@@davidbrayshaw3529 Except he's retarded in this case. His premise is flawed since SpaceX has been doing share buy backs twice a year for years at this point.
Whatever anyone thinks of Elon I am just enjoying the technological advancements. Who else has reusable rockets? I remember the critics regarding reusable rockets when SpaceX was still working on it. Once it works the critics go on to criticize something else.
None of us are gonna be around to see this happen, including Elon. He's a rich kid with a 1950’s sci-fi magazine... Hyperloop, solar roof, robot cars 🤣🤣🤣 Okaaaay, Elon... put down the magazine. It's time for bed so say g'nite.
Hyperloop: first published for 1904 Worlds Fair. Musk hijacked the idea in an attempt to derail the purposed light rail in San Francisco (iirc) He wanted people buying Tesla's, not train tickets. (Pretty sure he actually admitted to this.) Solar Roof: 2.6 Billion dollar bail out for his Cousins after Musk tricked Shareholders into buying bonds of that company (I forget if it was Tesla, or SpaceX but it would have bankrupted them) Roof tiles during press conference reveal... were all fake, just plastic. Self Driving cars: fElon is currently under investigation by: DOJ, SEC, & NHSTA over his decade old claims of it being ready "very soon" BTW: Robo-Taxis are coming next year! Everything else... not any better.
In the meantime China already has 430GW of solar panels, and 70000km of high speed rail and at least some robotic taxis and buses in the 10 biggest cities.
Seems you guys doing research, you did carvana back a while ago, what happened now? May be it is good to do some postmortem analysis and see if your analysis stand test of time. Always good to learn if you are serious about investing.
@jayliu645 Give it 18 months for the revenue round-tripping to end... Over in Europe, a similar company to Carvana called 'Cazoo' just went under, less than three years after their SPAC event.
Jayliu, if you think Carvana is a good investment, go for it. I don't think selling overpriced used cars via the internet will be successful long-term, or post pandemic(?).
@@blubb7711exactly! At least on Earth, there still is a chance to escape and there are ways for others to find out about the abuse and take action. Imagine the horrors that will be sure to come in these self contained , inescapable habitats. And the ways to torture someone, in such extreme environments.
The use of the word grift is here is weird. The guy openly states, per the content in the video, that he will not return value to the investors. Grift: Money made dishonestly, as in a swindle. It sure feels like your just like everyone else, literally profiting from the Elon hate. That is, grift. Sad.
Living in space outside of the Earth is indeed a huge gamble simply because it’s a place where humans can’t live because of evolutionary specialisation. However, any existential threat is going to wipe out humanity that is not multi planetary. How to become multi planetary is what SpaceX is all about. Currently they are focusing on technology for affordable access to space. They are not unaware of the problem of actually living off the Earth so they are already in the early stages of developing space related life technology as seen in the recent Polaris Dawn project. I think it’s clear that Musk and SpaceX know they need a big team of fellow travelers and that’s also what they are doing. Some fellow travelers, like the Japanese investor who wanted to go around the moon in a Starship had to bail out but others will join in future as SpaceX continues to develop Starship. Musk is on a great journey that is extremely difficult and high risk, but not impossible from a first principles basis.
I've noticed Musk frequently talks about sending humans to Mars. Noticeably absent are quotes of Musk volunteering himself for a Mars mission. How magnanimous!
if you've read his biography, you would know Musk hasn't gone into space in part because of the bad optics of his launches being used as a billionaire's plaything
The idea for Musk is that it's important to get these technologies started now so that progress can occur. Actually colonizing Mars is probably unrealistic considering the medium term likelihood of war and economic collapse, but he wants to give us hope and a foothold there. Orbital technologies are going to be somewhat profitable, the company is aiming high. If you shoot for the moon, even if you miss you'll still be in orbit. Musk is shooting for mars, and we'll probably just get a series of moon missions
All relevant points, but under what other circumstances would humanity get to Mars. It seems we either do it the crazy way, or don't do it at all, ever.
@@AvocadoAfficionado Lemme cutnpaste this for you: Developing the technology and infrastructure that enables human travel to Mars, opens the entire solar system and its resources to whomever controls it.
@@bananerz3167 why did we go to moon? For profit? The US and Soviet government redirected the funds of society just for the sake of technological advancement and national superiority. At least now it is a private company doing it.
Yeah. Relying on economic forces doesn't work well for things with negative value (CO2, nuclear waste) or where investments don't produce returns in a human lifetime (interplanetary space exploration).
First private company to successfully launch a liquid-fueled rocket, first private spacecraft to dock with the International Space Station (ISS), first private company to send astronauts into space, reusable rockets, Falcon Heavy, the most powerful operational rocket in the world and Starlink. Stick to youtube millennial...
The fact is, a lot of people do actually want to go there and will sign up when the time comes. So whether or not you would want to go, a lot of people do. And the motive of protecting humanity in the case of a planetary extinction event obviously means a different amount to different different people
Not even going to watch the video. Just came here to say that I used to like this channel, but the premise of this video is just demonstrably false. SpaceX is NOT a grift. They’ve revolutionized the space industry, driving down prices to previously unthinkable levels. They developed a rocket from scratch that makes the deified Saturn V look like a firecracker. They’ve developed, also from scratch, an engine that objectively is the greatest rocket engine ever, even beating out the mythical RS-25. They make billions from launching payloads for everyone from NASA and the US Gov. to commercial customers. How the living crap is that a grift???
What Space X is doing is one of the coolest things in the last decade... We haven't put a man on the moon for over 50 years, it's time to gradually move on and change that... I don't see the value of colonizing space on a commercial level, but primarily on scientific and technological...
Very little evidence we went to the moon. NASA's latest mission to the moon had zero footage because they "had trouble with communication because it's hard to move data through space". That's a direct quote. So we had the tech in the 60's and 70's? Sure. Do it again please. Indias whole moon landing and all photos were such obvious photoshops and low budget renders that it was a laughing stock.
@thealienrobotanthropologist I actually have, and was part of the NASA RAC studies. So, I repeat but with further detail; SpaceX has a LEO focused design framework. Their engines are low energy/high thrust solutions, which are ideal for LEO operations. There is nothing controversial or derogatory in stating this. It just is how they are built.
Humanity will go extinct on Earth. If not by an asteroid then by nuclear warfare. China has amassed a large quantity of nukes and is not interested in signing the non-proliferation deal with the US and Russia. And they are very unstable and corrupt with warring factions ready to pounce when Xi is gone.
People cannot live on Mars, we can only die there. Only question is; How quickly Musk: How do I make a spaceship company profitable? I trick people into thinking a massive Mars base is a great idea. A great idea that requires 10,000 Starships.
That is not at all what is happening, did you even watch this video? Elon Musk says SpaceX will take its profits and put them into establishing a human presence on Mars, at vast expense. The Mars base is what will make SpaceX unprofitable for decades; conversely If SpaceX had no plans for Mars it could be profitable already, since Falcon 9 and Starlink are excellent products that make money.
@@skierpage Starlink: it takes Musk 40,000 satellites to do the job that 2 already established companies do with only 6. The cost of these satellites, launches, short lifespans, and limited market will make profitability a challange. No one in a city will want this service, no one in poorer countries can afford it, and it's more expensive than what already exists. Take a moment to think why Musk wants to have, an infinite number of launches for the minor benefit of a slightly lower, High Ping. Mars: There will never be a permanent presence on Mars (at least not of any significance) it gets down to -120C at night, the water and soil are poisonous, extreme radiation, virtually no atmosphere, low gravity, it's uncertain if people or animals can even reproduce. A "million people, need 2 million pounds of food every day". The list goes on. More infinite launch cycles. Saturn V launches took 1 rocket each trip to the Moon. Musk: 16. There's a pattern emerging. You want some useful videos, maybe check out: Common Sense Skeptic & Thunderf00t. A man who lays of 14,000 people, then 2 days later requests a payoff equal to 30 years of their salaries is not concerned with people, and it gets a whole lot worse... Trump said he wanted to protect Democracy, Sam Bankman-Fried said he wanted to save the world, Elizabeth Holmes wanted to cure the World, NFT's were going to change the world. Grifters, all of them. Now Musk is being investigated by: DOJ, SEC, & NHSTA
Don't confuse the wishes of an eccentric billionaire with the capabilities and eventual profitability of a company he has built. Elon may be committed to occupying Mars, but the road to getting there ,forces SpaceX to be profitable enough to attract the investments it needs. Starlink and the near-monopoly on space launches that SpaceX will enjoy with Starship, will make it a highly profitable company. Elon won't live forever, and when he goes, the remaining investors and the company management will be in a position to start paying out the profits to investors.
Look, I'm just an engineering student and ksp player, but... I have serious doubts about SpaceX's ability to even launch a rocket with a payload to mars, let alone do any of the things Musk has been talking about. Getting something into orbit is far, far easier than getting something to another planet. The amount of delta-v needed is much, much higher, and then you still need to figure out a way to slow down and land the thing without breaking anything. Seeing them struggling to get Starship to complete even a suborbital flight without blowing up makes me think they just don't have that ability.
At this point they don't. Which is why they're testing and improving the design with iterative development. Also they don't always need fuel to slow down their spacecraft when going to mars. If they can create a spacecraft that is ridiculously robust, they can just enter it into the mars atmosphere and slow it down enough to do propulsive landing.
@@Kaodusanya well pretty much every other major rocket project worked on the first try, how may Saturn rockets exploded ?. I would say it is shocking to constantly fail at something that was achieved over 60 years ago with slid rules.
@@jimpaddy79 This is false, tons of "major" rockets have failed on the first try. Not to mention NASA alone has killed something like 18 astronauts between Apollo 1 and the Shuttle.
7:53 Is this supposed to justify his pay package? That's completely illogical and does not provide any support for why Tesla should pay him more. This is kinda crazy, but it's true.
He recieved no pay for the past 6 years, meanwhile Tesla stock price is up 1100% since then plus he has accomplished all of the milestones set for that pay package. You being sore about it does not invalidate that. And what he does with that stock is none of anyones business in the first place but he vows to put it towards space exploration and people are still butthurt. smh
@@ItsJoKeZwhat did he say that was wrong ??? The targets he had to hit was seen as impossible to achieve at the time. So he achieve those goals and he shouldn't be paid ??
Tesla lifetime profit: $25 billion 14,000 Layoffs in April assuming an average $100,000 salary: $1.4 billion Musk's bonus: $50 billion. Let's be clear on this: 50,000 million dollars (double the lifetime profits) Musk: cannot sell these for 5 years, but it would allow him to sell his current stock of similar value at any time. Musk: I'm the first investor, I'll be the last to sell my stock... sold $40 billion in stocks so far. Why does he need the stock: it is believed; he wants the voting power to splinter off many of the products developed such as AI, & Robotics. Effectively stealing them from the shareholders
Is it really a grift if he is giving open interviews talking about using the profits to do this? I’m not a fan of his, but this doesn’t strike me as a grift in line with those usually discuss
He's made borderline fraudulent claims to land government contracts and attract investors, he's nearly 4 years behind on his $2bn contract for a moon landing from the US government, it's quite the grift if you ask me
Man. I really enjoy this channel. I wish they weren’t such nut pullers when it comes to Elon. I’m not wearing any Tesla shirts but the dude has accomplished a lot. I also think it’s wild that he seriously has two of the best performing companies in their sectors. Meanwhile it takes like 3 of yall to put out a 14 minute video.
@@notnoaintno5134 To go on with the list: semi is a disaster, a truck that drivers hate because of its video game style approach while lacking much of the controls that the drivers actually need, Starships are tin cans exploding investors and tax payers money in the sky and will never deliver anything anywhere, people, cargo or fuel while their reuse is a hoax too, it brings no savings, more like contrary to that. Roadster 2 will never materialize even close range wise to the specs Musk has once marketed. Where are the million robo-taxis generating revenue for the Model 3 owners while they sleep? Tesla FSD is not reality, it's just an advanced cruise control at best. Hyperloop, hello? Busted. Neuralink functionality is not peer reviewed so whatever goes on there is mere marketing for the time being. Solar panel roads? Impossible to apply so that they would actually yield any significant amounts of energy compared to the production costs aka not happening. List of Musk's lies, false promises and vaporware just goes on and on, it's all just marketing to pump the stock price for himself and his venture capitalist buddies who can always dump their load on gullible retail buyers for profit since _there's a sucker born every minute._
@@YoosufMuneer It's a cult item, all the reviews of it's fundamental flaws tell that it's shear garbage, possibly one among the worst cars ever produced. Yet despite all the cyber trk's flaws that owners have found in their precious vehicle, ones that have even made the car need to go for weeks repairs from the day one, some owner's are still stoked about how the car _makes them feel,_ which tells all about the cult mentality surrounding the mighty con-artist Musk and his crappy produce. Do your research and wake up from the cultist dream - although, _it's always easier to con a man than to convince them they've been conned._
Elon did nothing. He hired people then makes stupid decision because of his infinite money glitch. That's it. Elon himself never designed anything, much less did any engineering. His job is to sell you that he did. That, got to give him the credit, he is the most talented bulls@itter we've ever seen. Truly amazing.
The true value of a stock is the present value of all future dividends. A simple truth that many fairly intelligent people seem completely unable to comprehend. A stock with no prospect of future dividends becomes a token that can be traded but has no inherent value (a bit like a crypto currency). One day in the future, that stock will eventually go to zero and every dollar that a person has made trading it will have been lost by a different individual.
Are you stupid? Even a stock for a company, that is going out of business, can have a value, because the stock gives you a right to get a part of the money from liquidation. A stock gived you the ownership of a company mesning you have ownership of their current assets.
@@LarsLarsen77 his post wasn't about the stock price going up. It is about holders of the stock will not receive any cash returns from the company from holding the stock. If you own 10% of a business and over 20 years you do not recieve any income from the business, what value is your 10%? It is only worth something if you can sell it to someone else.
Your main flawed assumption is that the new space market (cargo to stations, satellite launches) will remain stagnant. It will not. There are about 8 new space stations in construction right now, and will be completed in the next 10 years. More satellite constellations are built every year. When you talk about the commercial viability of a company, it is helpful to understand the market it is servicing.
Do you really think that he does everything ten times better than everyone? He says that about all his projects. So are you saying that a launch that costs 50 million dollars he only charges five million?
That $9 billion is used to "artificially" lower the launch costs. It's a common short-term strategy. But sooner or later, SpaceX will need to raise prices.
That’s the problem with these financial guys like WSM, all they can see is the hamster wheel they are running on. The only point of money is to make more money.
You think the guy who simultaneously lays off 14,000 worker whilst requesting a payout equal to 30 years of their cumulative salaries gives a f*ck about people? Look back at the first time fElon told people self driving would be fully functional by the "end of the year". That's the start of the rabbit hole, watch your step, it's deep.
@@eternaldarkness3139You're talking about Elon and Tesla while we're talking about SpaceX here. It doesn't matter if he really cares about space exploration or not. From what it looks to be he at least funds it for the benefit of himself and due to his ego.
Oof. The title of this video. Know that SpaceX brought us rockets that land. I'm really curious if this video holds up. Landing rockets is the thing they will remember 100 years from now. Not what you are doing.
Really, 100 years we'll remember self landing rockets... NASA developed this almost 50 years ago, and we had Space Shuttles for 3 decades. Guess you forgot. Bet you think Musk invented the "Hyperloop" too. (Patented 1904) Perhaps he invented Tesla... nope, he invested several years later. The list goes on. He's just very good at branding, and developing a cult-like fanbase. He's also currently being investigated by DOJ, SEC & NHTSA
@@ZontarDow Jealousy seems strong with you. You do not have the ability to further the boundaries of humanity. And clearly you're upset another group of people can.
@@ZontarDow Nah, I sold most of it last year and bought oil companies. I do not believe society will make it nor do I believe Musk will reach Mars. But I respect the hopium.
If only these comments could be saved forever. Oh wait it’s the internet, The internet never forgets. Awfully kind and quite polite to only call it a grift.
Several problems with your analysis. 1. The tech is real and innovative 2. They are generating revenue based on the space tech and have even found other sources of income beyond the original plan. This shows the company can pivot. 3. You are being too literal in reading into what he is saying. He will not bankrupt himself to fund a trip to Mars; it will be part of a revenue-generating strategy. NASA or private companies may want to fund a launch to Mars. 4. I honestly can't find a legitimate problem with SpaceX. The fact that the company just raised money tells me the investment community has a different take on this company. This is not Tesla with a shaky manufacturing record, numerous competitors, and replicated tech. A CEO has to sell, it's how the game is played. This is different from a grift or scam.
1. No it fucking isn't. Previous disposable rockets cost less in real dollar terms. 2. There is a cap on the maximum amount of satellite revenue available, and it isn't nearly enough to fund a mars mission. 3. If NASA could afford to go to Mars we would have done it in the 80s. 4. You're not looking hard enough.
1. Tech does not exist and is presently Musk vaporware. 2. The amount needed to fund human exploration of Mars is far beyond any revenue his companies can generate. 3. (Bonus Item) The concept of humans inhabiting Mars in our lifetimes is fantasy.
Until he solves the radiation problem, everything Musk says about travel to Mars is nuts. Transporting the people isn't enough: you also need to transport the dozens of tons of lead or, perhaps preferably, water to keep them from being fried by the radiation outside Earth's protective magnetosphere.
it looks stupid but if everyone thinks like this “Wall street” kid, then we’d all be stuck in the pre-Industrial dark ages. Someone’s gotta attempt to do the ridiculous in order to further the long-term advancement of technological progress. Musk’s method is to overpromise and then to eventually deliver. He is still the most promising person to head these impossible projects.
Technological progress has never come from anyone doing anything ridiculou and speaking of the pre industrial work as a dark age is just asinine. The industrial world is way worse for people than the pre industrial.
Pretty weak arguments and analysis I have to say. Who wants to live on an oilplatform in the middle of the atlantic? Nobody, but people do that for long periods... why? Oil. Its quite possible that the mineral resources on Mars will be the reason that people with go there at the start. So "living" there will be more based on corporations than normal cities. At least initially.
The fact that mars has 1/3 of earths gravity, no local life sustaining resources, and no atmosphere and magnetic field to protect the most of basic living organisms, makes this colonising fantasy...a fantasy. While everyone "waits" deliverance, Musk is enjoying his billionaire lifestyle on Earth at the expense of future promises. He is a smart man.
What mineral resources could be found on Mars that aren't already in abundance on Earth or asteroids? As much as I'd like to see a Mars colony set up it would be the greatest resource sink in history.
@@12pentaborane If your mining asteroids it might be easier to mine Mars instead. Or use it as a refining station instead of poluting earth. I'm not saying it's easy or even viable. But to flat out claim that there aren't potential areas where a "fixed" settlement on Mars might be possible (like in this video), I find disingenuous.
I'll take a "not-in-my-lifetime" successful colonization trip to Mars more seriously if I first see a successful attempt at terraforming one of Earth's major deserts
Is this just a hit piece because Musk is associated with SpaceX? Or is WSM running out of actual grifts to report on? Or both? Today's headline from Bloomberg News: "Elon Musk’s SpaceX has initiated discussions about selling existing shares at a price that could value the closely held company at roughly $200 billion". This video has aged like fine milk.
Who are the 2.7 million Starlink customers? Starlink would not seem to be cost effective for those living in built up areas and the target market is therefore those who live in remote areas. Sure, Starlink is proving to be essential in war torn Ukraine, are there 2.7 million people living remotely?
That's less than 1% of the US population. Is it that hard to fathom 1% of people living or having a vacation home somewhere remote without access to broadband Internet?
lol “are there 2.7 million people living remotely?” I’m not a musk fan either, but go learn something about the world. Look up in google “how many people live in rural areas” and go from there.
@@electrified0 It is fine just saying it is 1% of the American population but if you actually base it on the number of Adult American's that are estimated to live off-grid then that number is between 195,000 to 390,000 (0.0756% and 0.1512%) people, and even then you couldn't assume all of those could afford the Starlink subscription. The Starlink performance drops the more people are accessing the same satellite so the model seems to rely on one satellite per person, and the idea is to flood space with satellites so it stands to reason some satellites are going to remain idle for much of the time. Each of the satellites are said to have a life expectancy of five years, and can not be maintained. Technology being what it is, there is a risk that communication satellites launched today could become obsolete overnight. Compatibility is an issue. Just as the latest Tesla FSD can't be used with the early Tesla's without a hardware upgrade, it would be challenging to maintain compatibility between 42,000 of anything on earth, let alone that number in space. I'm happy for someone to explain why these considerations are wrong or do not detrimentally affect the business model but it doesn't sound like it is a sustainable business. Space X's many rocket launches are impressive and they may have reduced the cost of each launch, but the majority are overheads, they are being "funded" by future Starlink subscriptions. The problems Cable companies have had sustaining the subscription model should be a lesson to all.
@@martincday007 Starlink isn't for people living off grid. That's a grift too, really it's for high frequency traders, since the speed of light in a vacuum is way faster than the speed of light in glass fibers.
@@simeon8360LMFAO the Elon haters deny reality. Tesla: not a grift, a profitable company that for a decade led the EV market worldwide and continues to do so everywhere but China SpaceX: not a grift, a wildly successful launch business that is cash flow positive and similarly successful internet business that is also cash flow positive
Cheap hit piece. Fact: SpaceX has saved NASA, the US military, US taxpayers, commercial companies - billions on billions of dollars while heavily subsidized Boeing STILL can't get its long overdue manned flight off of the ground.
it's kind of weird how everyone fell into line into Musk hate once the media started to do hit pieces on him when he opposed the woke mob. it's like everyone is an NPC
Hyperloop, Mars exploration, boring company, neuralink, Full Self Driving, AI and Robotics. The main product Elon masterfully created and sells is hype.
my boi hyperloop was created by musk and other institutions to compete college students and junior engineers,Mars exploration is an extremely hard ndeavour even world governments needs decades to prepare just for the launch,FSD is also an extremely hard alien tech towork on
@@nielpaul1 3 flight tests that all ended in complete failure, the biggest disaster in rocketry since the N1, having spent 8 billion to get to here (for comparison SLS cost 11 to develop and Dream Chaser cost 4 billion) with optimistically another 10 billion for it to reach cargo only launches Falcon can already do, if that isn't failing in your eyes then nothing short of tests having casualties are.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Check out our video about Destiny Tech 100 on our second channel Broken Business Models: ua-cam.com/video/9fgWGr-yS2Q/v-deo.htmlsi=q_XI23QiSGQ7OWMz
“GRIFT” - Whaaaat sorry man but you’re wrong on this one. Love your stuff but you obviously have some sort of bias here.
So you don’t believe Elon is sincere in his ultimate goal? If you do, then how the F can you call what he is doing a grift?
This guy has achieved more than you and I times 1,000 ever could.
Changed the Space industry, the car industry, heck with Neuralink and Tesla bot too.
That not good enough? What more do you expect from him??
The logistics for any Mars flight doesn't add up. Starship can't get to low E orbit unloaded. Nasa now admit it would take at least 16 starship to refuel one to go to Mars. Unworkable
Would love to get your analysis of Aptera.
Spacex haven't met the Nasa artemis project deadline. They were contracted to build a luna landing shuttle and Musk decided to build an unnecessary biggest spaceship just so that he can brag that he has the biggest rocket. So he bit more than he can chew and now they've been failing with every test launches blowing up rockets, wasting money. Nasa has paused funding to Spacex as a result of their incompetence. The Common Sense Skeptic channel has a well researched series of videos on this topic.
You know Wall Street Millennial isn't fucking around when the background music is off
Space exploration has been the worlds biggest grift since the 1960s. To believe we can explore space when we cant explore our oceans is outrageous
@@chiquita683 I 100% agree with you
@@chiquita683 "We"? You mean the rulers, the govt. which produces NOTHING except false promises? Yes, that grift has been going since cities began. And continues to be "The Most Dangerous Superstition" (Larken Rose). No progress happens in the public sector. See the US space program that went to the moon and gave us "Tang". All progress is achieved by free people, freely acting to realize their dreams, e.g., Elon Musk raising money without taxation (theft), and creating value we all enjoy, while working toward species expansion into space that stopped 55 years ago. He and his engineers have done more than all the governments put together.
@@chiquita683 water pressure is heavier
@@chiquita683But we can explore the oceans, we just choose not to do it more.
And space travel is actually easier than dealing with the depths of the oceans. The hardest part about space is just getting up there. Once an object is in proper orbit it can stay there indefinitely. Or we can shoot things into deep space just by making them go faster. In fact, one reason Musk’s Mars mission is bad is the likelihood they miss Mars and the ship ends up as a permanent tomb orbiting the Sun.
But the pressure involved in space is just normal air pressure. Pressure in the deep ocean is far higher and more dangerous, like we saw in the Titan sub. A tiny hole in a spaceship is easily repairable, since it’s just normal air pressure pushing out. A tiny hole in the deep ocean is instant death.
He's in Texas now. He's already half way to Mars.
Underrated comment😂
💯
Yeeehaaww!!
😂😂😂😂
😂😂😂😂😂😂😂😂😂
If the worst case scenario happens in my lifetime, I'd still rather live on a post apocalyptic Earth than freezing my ass off on the Mars wasteland.
100%
Read Stark by Ben Elton, about a bunch of rich people who try to escape a dying earth for the moon. Rather prescient
@@andrewsittermann2081 will do, thx
Me too. Earth will ALWAYS be the best place in our solar system for humans. I think Musky is about perpetuating our species if there's a giant asteroid strike.... but he can't raise money on a catastrophic obliteration of Earth.
Mars is like the worst case scenario of a post apocalyptic Earth. Without a magnetic field, too.
I can't wait for Elon Musk sitting in a Martian cave in a space suit trying to grow potatoes from his 💩.
Just so people understand how stupid the idea of colonizing Mars is, Antarctica during the worst winter storm or the Sahara desert during the hottest day in the summer is still more habitable than mars on its best day. We can’t even build a self sustaining environment in these locations right here on earth.
Not to mention the difficulty of getting there.
Exactly 👍.
If the test habitat fails on Earth you can get out and at least breathe with help not far away. On Mars everyone involved is fucked - and that's why Elmo will never get there. Suffocating is for peasants...
And if anything fails, it's possibly life or death. It's not like they can say, "oh well, let go home then"
Also if we can not even keep our own planet healthy, is pretty said that some peoples hubris assumes we can "terraform" a desolate planet.
Once Mankind has sizable presence on Moon and mastered living in deep space, growing food in deep space and manufacturing everything away from Earth, then we can think about going to Mars. But to go to Mars now and make self sustaining colony there is like a new born baby trying to climb top of Mt. Everest. It's just ridiculous.
I couldn't stop breaking out laughing at the deep analysis of how crappy it would be to live on Mars
OMG so hilarious.
Yep... Just like Antarctica, except... no water, no food, no air. The dream is to have humanity present elsewhere in the solar system in case it's wiped out by some catastrophic event on Earth. So the Mars colony should be self-sufficient. This necessarily implies mining, metallurgy, glass making, plastics, electronics, etc. Come to think of it, it might be simpler than we think: robots are just around the corner!! All that's needed is a few tweaks on the FSD software! I swear it's not complicated! We can do it today!
Thunderf00t & Common Sense Skeptic are great YT channels.
@@mmmikeyyy
Antarctica has penguins. A good enough reason to live on Antarctica. Not like Mars.
@@mmmikeyyy Someone's gotta get the ball rolling, dumbass.
We haven't even managed to keep people on the moon permanently. Why would he think a planet 283.07 million km away would even be remotely realistic with our current technology?
He's scamming the gullible. He can't believe himself how much BS people can consume.
We can’t even build a self sustaining colony in the most uninhabitable locations right here on earth ie Antartica or the middle of the Sahara. That’s how silly this idea of colonizing another planet is
“We” you mean the government? This is a private entity
No one is trying to build self sustaining colonies on Antarctica. In fact it is against all international law. People live there for years at a time. It does create its own energy and oxygen I believe.
The moon does not have the resources that mars has. Like, an atmosphere. Accessible water and regolith. While a colony will be placed there and will be as self sustaining as it needs to be within the next 50 years. There is little purpose to a self sustaining colony in domes on a rock that cannot be terraformed. The purpose of the moons colony will be providing a way station and fueling stop for the missions to Mars and Europa and Titan within a century after. The moon is a gas station full of Helium 3 for exploring the solar system.
A self sustaining terrarium could be plopped onto Antarctica tomorrow. ( In fact there is probably several there already. ) or to the moon, or mars for very little cost. But a colony with a future only lies in terraforming and the construction of plans and support for terraforming.
@CTembo Private companies need to make a profit.
There's no way to make money with a colony on Moon or Mars.
We'll see who is laughing when we're driving our robo-taxis on Mars generating annual return of 100%.
😂😂😂😂
We're hyperloops will take us everywhere
@rossamullen5918 Sarcasm, right?
@@MuhammadImHardBruceLeeObviously
Indeed 🤣
If Musk is so obsessed with going to Mars, why did he spend $20 billion of his own money on Twitter?
So he can have a platform to pump his meme stocks and BS hype of Tesla and his business grifts.
Trust me, he didn’t want to. He kind of got twisted into it by his own hubris.
Cause he wouldn't be able to do it if the democrats controlled every outlet
F*ck around, Find out. Well, he found out.
@@anjelica948 By his own big mouth being stuck in the law books.
spacex has a fiduciary responsibility to make earth uninhabitable 😂
I think you have missed the point of SpaceX. Supervolcanoes or an asteroid impact are the serious natural hazards that are most likely to make Earth uninhabitable. They have happened in the past and will happen again. One is currently rumbling directly under Naples called Campi Flegrei and the Italian government is in panic mode!
😭😭😭😭😭
I hope so!😉
I think this pretty much sums it all up perfectly.
You missed a couple crucial points that make this even more certain to be a grift:
1. What are the key aspects of Elon‘s plans for bars is to generate fuel from the Martian atmosphere and water under the Martian surface to power of the starship for return flights. However, there is no pilot plant for this activity on earth yet. It would be much easier to do this on earth because the atmospheric pressure is so much higher and there’s abundant water and yet there’s no prototype plant yet.
2. There is no prototype of what an initial Martian comedy would actually consist of. If you don’t have a prototype of what an initial Martian colony would consist of, how do you know how much stuff you have to bring from the earth to Mars to establish one? The fact that such a prototype does not exist means that the starship as far as being a mars vehicle really has no solid requirements to, use as the basis of sound engineering.
2. While I agree that The Martian Arts will be important someday, let's worry about colonies first 😛
There are no prototypes or anything for the spaceships to Mars either.
Terraform Industries is a couple prototypes deep, and they'll probably be fully commercial by the time there's a demand on Mars
You are ignoring like 40 years of work by the Mars Society and others exploring these questions
The sabatier reaction works, it was discovered a long time ago, it's been demonstrated. There's CO2 and hydrogen on Mars in water. There's also dirt on Mars but nobody is trying to make fuel from it which would require demonstration in a way the sabatier reaction doesn't because it's already been demonstrated robustly.
@@HaviccB
"If you don't know where you're going, any road will take you there." Building a spaceship to go to Mars when you don't have any sort of feasible plan for actually going to Mars and colonizing it seems to be the height of bad business judgement. Or, as the kids say "Elon Genius!".
Space X is Musk's private inner circle Xenu tier. You only get to invest if you're a true institutional Elon stan.
How come I own shares then? Honestly, it’s not hard that hard. Some publically traded mutual funds have spacex shares too.
@@pikkuporsasimagine thinking you're on the same level as Sequoia and Thiel.
Amazing.
If 'Elon Musk' were a fragrance, it would cost $1,000 per bottle and smell like nothing...
This
It would smell like a fart
It would smell like rotten muskrat.
Ironically, we Arabs have a fragrance named "Musk" and it somewhat smells like the fragrance you use on a dead corpse before burying it.
📉 The perfume would be called:
*eXLon smeLL*
They are trying to own a planet. I don't think the phrase "future cashflows" really captures the enormity of it.
Where is the army to control it? A lot of countries "owned" America before it was America and now they dont
@tobuslieven Please read what you just wrote.
No cash, no company... No company, no assets... No assets, no return for investors...
Meanwhile Musk will be off marketing the CyperLoop and HyperTruck, with deliveries to Mars in 2125...
Owning a planet is useless for our needs. It's better to mine asteroids for resources. As a colony though, it's priceless. But people won't pay for priceless. I seriously doubt a private company can actually do anything useful by themselves. NASA had to get all the major companies to come together to make something to go to space. Space X could be a first step, but it's not the end. I hope.
Why can't people believe that humanity will finish itself off here on Earth. Where's the backup?
@@harm991mars isn’t made for humans.
The 44 year old side of my brain!!
“Yeah who the hell would want to go to Mars?”
The 9 year olds side of my brain!
“Me me me me me”
Is it possible that Elon has based his entire business model off of the underwear Gnomes made popular by South Park? First step, you steal all the underwear. Third step, profit. Of course, neither Elon nor anyone else knows what the second step is.
No, he improved it. Instead of collecting underwear he collected money. Collect money equals profit.
@@dong9514
You are almost correct. For Elon step two is collect money and step three is make profit. You forgot the first most crucial step that Elon always engages in, which is to make absolutely wild promises that are completely impossible to fulfill, but that excite people. Once you’ve done that people will give you money. Note that there is no step four where promises are kept. That is vital! That would spoil the whole plan!
Yes dude that’s the joke. Elon very much has a “hello fellow children, I too watch South Park and Rick n Morty!” style of humor.
@@wbwarren57 what do you call Starlink ? You ever heard of Starshield ? Who do you think ate the launch market through slashing costs.
You should familiarize yourself with the Jevons paradox.
10s of billions is nothing - 10s of trillions is a more believable amount. Zuck spend 10s of billions just creating a video game with terrible graphics and no gameplay.
What game was that?
@@stuartburns8657I believe they are referring to the meta verse 🙇🏾♀️ which is nightmare fuel lmao
@@kokorosyume Oh. I see. Actually quite a fan of the Quest VR headsets personally, but yes not seen nor bothered by a Metaverse
It’s not grift if he’s upfront about it.
People who invest in such things have only themselves to blame.
Sorry but Elon’s only upfront after getting investors money. While he’s begging he’s making completely different statements than he’s making now after he can’t keep playing the “fake it till I make it “ strategy. There’s a reason he’s currently being investigated for multiple forms of fraud at the moment.
You should watch all of Elon’s investor presentations for all his different companies, they’re all filled with failed promises and just flat out lies. But yes I blame people for trusting someone like Elon with his track record
Not all investments are made with the expectation of a financial return. Sometimes people invest in a venture because they believe in its superordinate purpose.
@@ProuvaireJean This is the biggest cope I've ever heard. That wouldn't be an investment, that would be a charitable donation. Investments are explicitly for financial gain. Buy whatever stock you want but you're trying to convince yourself you're some high-minded paragon and that it's fine you lost all your money because you're working towards some kind of fantastical project that'll somehow save the huamn race
He just keeps inventing milestones out of thin air without any actual evidence that they're attainable in order to woo investors. That's a grift.
Wait, you're telling me SpaceX isn't valued based on fundamentals? Boy, I never would've guessed. He has no other companies that deny the laws of financial physics that I can think of.
Starlink is a spaceX company. Starlink and spaceX have more satellites in orbit currently, than all other satellites launched in human history. They provide extremely high compute and reliable internet speeds in impossible to reach areas. And they are impossible for a bank to repossess.
I don't even get what people are mad at. SpaceX is absolutely crucial for United States.
In case you guys don't know, DoD wants to manufacture thousands of spy satellites so US would have real-time observational ability of everything going on.
Plus there's weaponization of space. Why do you think Russians are going so much into hypersonics ?
SpaceX launch ability could lead to a working ABM, which would negate existing nuclear deterrents.
There's just so many possibilities that an absurd valuation is the least of anyone's problems.
E. V. Barnum at it again.
A moment of silence for Tesla bagholders
lol- why? I’m up close to 2 million today.
Hahahahaha.....Yes, I love holding my bag with 1000% returns.
Hey that's kind of cool it translates bag holders to backers.
@@pikkuporsassure you are 😂
@@Daedcicar I know you don't believe me, but do you think I care? my average cost basis is $28 per share, that's why I found the comment funny. I think I'm typical for those with more than a mil in TSLA
Place your bets - which Musk enterprise will result in the biggest destruction of wealth: Tesla or SpaceX?
TwitterX
Neither . They both have the capability of being trillion dollar companies if they execute .....they usually do.
Tesla actually sells cars, and if they go bankrupt, other companies can use their technology.
@island97 Really?
Semi is a failure. The roadster promised has not materialised. The model 2 is not going to happen. We were promised 1 million robo taxis by 2020. We were promised 30k revenue per year from our model 3s. We were told that the cybertruck was the best car Tesla had produced.
The only delivery I'm seeing is of lies.
@@simeon8360 how is the semi a failure ? Let's start there
I don't know why investors ever tolerated dual class share structures. It seems like it has nothing but downsides for them.
You have to tolerate that with many great investments. Meta, for example.
Because they like money. And those that invested in SpaceX have made a whole lot of it.
Meta, Google and a ton of other companies have it.
@@YoosufMuneer I'd rather chew glass than own either of them. Bitcoin DEMOLISHES their gains.
@@LarsLarsen77Woah buddy slow down
You don't know what Glass can do to you
Why go to Mars? You can get to Idaho by road or scheduled air travel.
If you ask the questions "what are the biggest problems facing humanity" this leads you to develop green technology and mars expeditions. It is a logical and rational decision if asking those questions.
It's amazing how we humans are so not self-aware of our mortality. Chances are none of us are going to see any of these plans come to fruition. Even if the logic was sound in executing those plans with progress moving steady with tangible results towards colonization.
Setting up a colony on Mars (any time soon, at least) is a deadly pipedream.
Robots can assemble structures remotely. Mars contains a lot of carbon dioxide. And iron. And sunlight. It has abundance that can be tapped by humanity if they so choose.
Humanity probably cant survive without earth.
That's a scary thought
That’s why humanity will evolve
@@sandran17why is it so scary? As much as people love to believe they are god, we can't destroy the earth nor make it unhabitable. No reason to think we need to leave to survive.
In the grand scheme of things, we're a spec of dust in the history of Earth, which is itsef a spec in the universe. It's fun to pretend we're the protagonist of the universe, especially when we bend glass and sand in clever ways to see far beyond our reach, but the physical limitations of our fragile bodies and lifespans puts a very short distance on how far we can go even if we solve every logistical challenge of space travel.
@@chrisdonish we don't have to be gods to drive species to extinction, including possibly our own. We're already causing the sixth mass extinction in Earth's history by reducing and degrading wilderness areas and by causing the exceptionally rapid warming that we've undeniably observed in recent decades. The latter may result in crossing tipping points that lead to accelerating and unstoppable warming, and over centuries Earth becomes a deadly hothouse planet like Venus. It's probably an unlikely outcome because we would surely come to our senses in time; but we've yet to reduce our greenhouse emissions despite decades of warnings about very bad outcomes.
I don't know if a complete exchange of all nuclear weapons would leave Earth uninhabitable.
The more likely outcome is only hundreds of millions of people die from environmental catastrophes or a nuclear missile exchange.
With the radiation on Mars, people would have to live underground. Growing food and recycling water underground would be difficult.
You've got to get to Mars without suffering from the effects of radiation exposure before you worry about living under ground. Six months without an Ionosphere and magnetosphere
surrounding you is a long time.
This is just hugely exaggerated. If you spend 2 hours outside in the sun you will need 120 years to be exposed to 1 Sievert of radiation which is considered an unhealthy dose. This is as much exposure as an average air crew. If you spend 2 hours in the sun per day in the sun in Singapore or Brazil the UV light will actually cause more damage to your body than radiation on Mars.
I don't know why, but I always obsess about the gravity the most. Mars gravity is 38% of Earth. Prolonged low gravity can't be good for the human body, right? And it's not like that can be engineered away. Gravity is a constant.
@@johnhutchinson7343 There are many problems with colonizing Mars. Gravity is a problem, oxygen is a problem, radiation is a problem (cancer and genetic defects), Mars dust is fine and prone to stick to everything due to static electricity, power is a problem (unless you have big solar arrays, which are subject to being covered with dust), and, social isolation is a big problem, supply is a problem since the good launch window occurs only once every 27 months, and you'll need good medical facilities including surgery, multiple doctors to care for each other, dental care, drugs, etc.
@@softwarephil1709 I bet you anything that even with all these issues a surgery on Mars will be cheaper than in the US. And power will be cheaper than in Germany.
Common Sense Skeptic did a great video about how unsustainable the SpaceX business model is.
Great channel. Thunderf00t is more... stylized, but also worth watching.
With unfounded assumptions you can do anything.
@@AlanTheBeast100 "With unfounded assumptions" and loads of cool pr graphics "you can do anything." ;-)
It's already profitable therefore sustainable. Appears he was wrong.
Phillip.
lmao SpaceX is raking in dough and the side project starlink is cashflow positive. I know Elon haters blindly hate anything, but SpaceX has saved the US billions and will continue to save billions, while making a profit.
In getting the sense that this channel does not like Elon
"I'm sick of people appearing to be good, while doing evil. F*ck those people!"
--Elon Musk talking about Elon Musk
He does seem to have somewhat of an intolerance for fraudsters and conmen, doesn't he.
@@davidbrayshaw3529 Except he's retarded in this case. His premise is flawed since SpaceX has been doing share buy backs twice a year for years at this point.
Well, WSM debunks fraudsters and failed businesses. No wonder Elon is in here.
Whatever anyone thinks of Elon I am just enjoying the technological advancements. Who else has reusable rockets? I remember the critics regarding reusable rockets when SpaceX was still working on it. Once it works the critics go on to criticize something else.
I would love to go to Mars........ if I already had a terminal illness.
None of us are gonna be around to see this happen, including Elon. He's a rich kid with a 1950’s sci-fi magazine... Hyperloop, solar roof, robot cars 🤣🤣🤣 Okaaaay, Elon... put down the magazine. It's time for bed so say g'nite.
Hyperloop: first published for 1904 Worlds Fair. Musk hijacked the idea in an attempt to derail the purposed light rail in San Francisco (iirc) He wanted people buying Tesla's, not train tickets. (Pretty sure he actually admitted to this.)
Solar Roof: 2.6 Billion dollar bail out for his Cousins after Musk tricked Shareholders into buying bonds of that company (I forget if it was Tesla, or SpaceX but it would have bankrupted them) Roof tiles during press conference reveal... were all fake, just plastic.
Self Driving cars: fElon is currently under investigation by: DOJ, SEC, & NHSTA over his decade old claims of it being ready "very soon" BTW: Robo-Taxis are coming next year!
Everything else... not any better.
It's all in Total Recall, literally every idea he has had is in that film.
In the meantime China already has 430GW of solar panels, and 70000km of high speed rail and at least some robotic taxis and buses in the 10 biggest cities.
Seems you guys doing research, you did carvana back a while ago, what happened now? May be it is good to do some postmortem analysis and see if your analysis stand test of time. Always good to learn if you are serious about investing.
@jayliu645 Give it 18 months for the revenue round-tripping to end... Over in Europe, a similar company to Carvana called 'Cazoo' just went under, less than three years after their SPAC event.
Jayliu, if you think Carvana is a good investment, go for it. I don't think selling overpriced used cars via the internet will be successful long-term, or post pandemic(?).
"Imagine Enron in space"
Enron Musk
Bruno Mars mission will be the equivalent of going to prison
Like a supermax prison
Including human experiments.
Like Bruno Mars himself, the completion of the mission will fall short
@@blubb7711exactly! At least on Earth, there still is a chance to escape and there are ways for others to find out about the abuse and take action. Imagine the horrors that will be sure to come in these self contained , inescapable habitats. And the ways to torture someone, in such extreme environments.
The use of the word grift is here is weird. The guy openly states, per the content in the video, that he will not return value to the investors. Grift: Money made dishonestly, as in a swindle. It sure feels like your just like everyone else, literally profiting from the Elon hate. That is, grift. Sad.
The circular grift economy is in full swing.
Don't hurt my elon...
@@socalsp3 wut?
Trump wrote this, in its Dementia it forgot to put cap lock on
Truth. ❤
Living in space outside of the Earth is indeed a huge gamble simply because it’s a place where humans can’t live because of evolutionary specialisation. However, any existential threat is going to wipe out humanity that is not multi planetary. How to become multi planetary is what SpaceX is all about. Currently they are focusing on technology for affordable access to space. They are not unaware of the problem of actually living off the Earth so they are already in the early stages of developing space related life technology as seen in the recent Polaris Dawn project. I think it’s clear that Musk and SpaceX know they need a big team of fellow travelers and that’s also what they are doing. Some fellow travelers, like the Japanese investor who wanted to go around the moon in a Starship had to bail out but others will join in future as SpaceX continues to develop Starship. Musk is on a great journey that is extremely difficult and high risk, but not impossible from a first principles basis.
I've noticed Musk frequently talks about sending humans to Mars. Noticeably absent are quotes of Musk volunteering himself for a Mars mission. How magnanimous!
He said he wants to go, and even would be first, but rationally better to keep running the company 24/7.
Isn’t Elon quoted in this video as saying he wishes to die on Mars?
if you've read his biography, you would know Musk hasn't gone into space in part because of the bad optics of his launches being used as a billionaire's plaything
The idea for Musk is that it's important to get these technologies started now so that progress can occur. Actually colonizing Mars is probably unrealistic considering the medium term likelihood of war and economic collapse, but he wants to give us hope and a foothold there. Orbital technologies are going to be somewhat profitable, the company is aiming high. If you shoot for the moon, even if you miss you'll still be in orbit. Musk is shooting for mars, and we'll probably just get a series of moon missions
Yep, even if they fail, which I personally don't think they will, the progress in technology alone this will bring will be advantageous for humanity.
All relevant points, but under what other circumstances would humanity get to Mars. It seems we either do it the crazy way, or don't do it at all, ever.
Why set Mars as a specific destination or goal? There's nothing there.
@@AvocadoAfficionado Lemme cutnpaste this for you:
Developing the technology and infrastructure that enables human travel to Mars, opens the entire solar system and its resources to whomever controls it.
A crazy way is the only way? Would you be interested in some magic beans that create a plantloop to Mars?
@@bananerz3167 why did we go to moon? For profit? The US and Soviet government redirected the funds of society just for the sake of technological advancement and national superiority. At least now it is a private company doing it.
Yeah. Relying on economic forces doesn't work well for things with negative value (CO2, nuclear waste) or where investments don't produce returns in a human lifetime (interplanetary space exploration).
Every business he runs needs some unobtainable dream to sell as a part of the narrative.
We need to start an inverse Wall Street Millennial ETF or something…
the companies alot of the time tend to go up that get called out
First private company to successfully launch a liquid-fueled rocket, first private spacecraft to dock with the International Space Station (ISS), first private company to send astronauts into space, reusable rockets, Falcon Heavy, the most powerful operational rocket in the world and Starlink. Stick to youtube millennial...
SpaceX is a very good company but Elon overhypes things and it is becoming a pattern.
The fact is, a lot of people do actually want to go there and will sign up when the time comes. So whether or not you would want to go, a lot of people do. And the motive of protecting humanity in the case of a planetary extinction event obviously means a different amount to different different people
Going to mars, large scale is never going to happen, certainly not in your lifetime. As with 99% of what Musk says it's all BS and bluster.
The libs are mad that Elon took all of Nasa's money and jobs 😅
SpaceTwitter will never launch a mission to Mars. This is a scheme to grift the government out of money and keep Elmo as a supreme internet memelord.
Not even going to watch the video. Just came here to say that I used to like this channel, but the premise of this video is just demonstrably false. SpaceX is NOT a grift. They’ve revolutionized the space industry, driving down prices to previously unthinkable levels. They developed a rocket from scratch that makes the deified Saturn V look like a firecracker. They’ve developed, also from scratch, an engine that objectively is the greatest rocket engine ever, even beating out the mythical RS-25. They make billions from launching payloads for everyone from NASA and the US Gov. to commercial customers. How the living crap is that a grift???
They also "rescuing" Nasa astronauts sent up by an inferior product.
Antarctica is still on earth. If something bad happen to earth, anyone live there will still be impacted.
Still better than paying the shareholders. Hopefully SpaceX will never go public. Then it will just be making money instead of progress.
9:30 "tourists who go there to see penguins" .... LOL .... the Antarctica analogy is perfect ...
Calling SpaceX a grift is clickbait at the best best. This was not your best work - at all.
Mars is a marketing gimmick that most people believe to be real. It reminds me of 'mexico will build the wall'...
So then what is the real plan?
💯
What Space X is doing is one of the coolest things in the last decade... We haven't put a man on the moon for over 50 years, it's time to gradually move on and change that... I don't see the value of colonizing space on a commercial level, but primarily on scientific and technological...
SpaceX is not well situated for that, however, due to their LEO centric technology.
And who pays for space colonizing?
Very little evidence we went to the moon. NASA's latest mission to the moon had zero footage because they "had trouble with communication because it's hard to move data through space". That's a direct quote. So we had the tech in the 60's and 70's? Sure. Do it again please. Indias whole moon landing and all photos were such obvious photoshops and low budget renders that it was a laughing stock.
@tripplefives1402 NASA is not a launch provider.
@thealienrobotanthropologist I actually have, and was part of the NASA RAC studies. So, I repeat but with further detail; SpaceX has a LEO focused design framework. Their engines are low energy/high thrust solutions, which are ideal for LEO operations. There is nothing controversial or derogatory in stating this. It just is how they are built.
Mars Mission - what a waste of time, money, and resources 😢
Humanity will go extinct on Earth.
If not by an asteroid then by nuclear warfare. China has amassed a large quantity of nukes and is not interested in signing the non-proliferation deal with the US and Russia. And they are very unstable and corrupt with warring factions ready to pounce when Xi is gone.
How about a Martian Penal Colony ?
I could get behind that.
Your personal bias against Musk is plain. Pretty disappointing, your other content seems ok.
FY
People cannot live on Mars, we can only die there. Only question is; How quickly
Musk: How do I make a spaceship company profitable? I trick people into thinking a massive Mars base is a great idea. A great idea that requires 10,000 Starships.
That is not at all what is happening, did you even watch this video? Elon Musk says SpaceX will take its profits and put them into establishing a human presence on Mars, at vast expense. The Mars base is what will make SpaceX unprofitable for decades; conversely If SpaceX had no plans for Mars it could be profitable already, since Falcon 9 and Starlink are excellent products that make money.
@@skierpage Starlink: it takes Musk 40,000 satellites to do the job that 2 already established companies do with only 6. The cost of these satellites, launches, short lifespans, and limited market will make profitability a challange. No one in a city will want this service, no one in poorer countries can afford it, and it's more expensive than what already exists. Take a moment to think why Musk wants to have, an infinite number of launches for the minor benefit of a slightly lower, High Ping.
Mars: There will never be a permanent presence on Mars (at least not of any significance) it gets down to -120C at night, the water and soil are poisonous, extreme radiation, virtually no atmosphere, low gravity, it's uncertain if people or animals can even reproduce. A "million people, need 2 million pounds of food every day". The list goes on. More infinite launch cycles.
Saturn V launches took 1 rocket each trip to the Moon. Musk: 16. There's a pattern emerging.
You want some useful videos, maybe check out: Common Sense Skeptic & Thunderf00t.
A man who lays of 14,000 people, then 2 days later requests a payoff equal to 30 years of their salaries is not concerned with people, and it gets a whole lot worse...
Trump said he wanted to protect Democracy, Sam Bankman-Fried said he wanted to save the world, Elizabeth Holmes wanted to cure the World, NFT's were going to change the world. Grifters, all of them. Now Musk is being investigated by: DOJ, SEC, & NHSTA
Don't confuse the wishes of an eccentric billionaire with the capabilities and eventual profitability of a company he has built. Elon may be committed to occupying Mars, but the road to getting there ,forces SpaceX to be profitable enough to attract the investments it needs. Starlink and the near-monopoly on space launches that SpaceX will enjoy with Starship, will make it a highly profitable company. Elon won't live forever, and when he goes, the remaining investors and the company management will be in a position to start paying out the profits to investors.
How the hell is it a grift? Its a private company and musk has been transparent from the beginning what the goals are.
Look, I'm just an engineering student and ksp player, but... I have serious doubts about SpaceX's ability to even launch a rocket with a payload to mars, let alone do any of the things Musk has been talking about. Getting something into orbit is far, far easier than getting something to another planet. The amount of delta-v needed is much, much higher, and then you still need to figure out a way to slow down and land the thing without breaking anything. Seeing them struggling to get Starship to complete even a suborbital flight without blowing up makes me think they just don't have that ability.
At this point they don't. Which is why they're testing and improving the design with iterative development. Also they don't always need fuel to slow down their spacecraft when going to mars. If they can create a spacecraft that is ridiculously robust, they can just enter it into the mars atmosphere and slow it down enough to do propulsive landing.
You’re an engineering student and are shocked they didnt get starship to orbit on the first try?
@@Kaodusanya well pretty much every other major rocket project worked on the first try, how may Saturn rockets exploded ?. I would say it is shocking to constantly fail at something that was achieved over 60 years ago with slid rules.
@@thealienrobotanthropologist lol, describing the greatest engineering challenge in the history of humanity as not a big deal 😂
@@jimpaddy79 This is false, tons of "major" rockets have failed on the first try. Not to mention NASA alone has killed something like 18 astronauts between Apollo 1 and the Shuttle.
7:53 Is this supposed to justify his pay package? That's completely illogical and does not provide any support for why Tesla should pay him more. This is kinda crazy, but it's true.
He recieved no pay for the past 6 years, meanwhile Tesla stock price is up 1100% since then plus he has accomplished all of the milestones set for that pay package. You being sore about it does not invalidate that. And what he does with that stock is none of anyones business in the first place but he vows to put it towards space exploration and people are still butthurt. smh
@@Kai-kl6fe spotted an elon-shill
@@ItsJoKeZ yepp, pay no attention to the validity of what was said or bring any counterarguments, just throw out a label. That will show me!
@@ItsJoKeZwhat did he say that was wrong ??? The targets he had to hit was seen as impossible to achieve at the time. So he achieve those goals and he shouldn't be paid ??
Tesla lifetime profit: $25 billion
14,000 Layoffs in April assuming an average $100,000 salary: $1.4 billion
Musk's bonus: $50 billion. Let's be clear on this: 50,000 million dollars (double the lifetime profits)
Musk: cannot sell these for 5 years, but it would allow him to sell his current stock of similar value at any time.
Musk: I'm the first investor, I'll be the last to sell my stock... sold $40 billion in stocks so far.
Why does he need the stock: it is believed; he wants the voting power to splinter off many of the products developed such as AI, & Robotics. Effectively stealing them from the shareholders
No chance anybody gets to Mars before we destroy ourselves
Musk: "occupy Mars" PLEASE!! 😂
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” - Winston Churchill
Did Thunderfoot help with this episode?
I vote that musk be on the very first starship to Mars. Show us the way TechnoKing!
So glad people are finally catching on to Elon the Grifter! In the words of John McClane "Welcome to the party pal!!"
You’re asking for it here. Respect 👊🏻
This guy sounds like thunderfoot and common sense sceptic in that he’s on the ⚽️
the Wall Street Millenial is educated. He also cites sources while he talks. This makes him absolutely unlike either of them.
@@teslainvestah5003 also unlike Elon them.
Is it really a grift if he is giving open interviews talking about using the profits to do this?
I’m not a fan of his, but this doesn’t strike me as a grift in line with those usually discuss
He's made borderline fraudulent claims to land government contracts and attract investors, he's nearly 4 years behind on his $2bn contract for a moon landing from the US government, it's quite the grift if you ask me
Maybe they're sad because it's giving humanity false hope.
Everything about musk is grifty
@@matt.stevickgrift, verb, INFORMAL
engage in petty or small-scale swindling.
It's not a grift, just a guy trying new things and everyone criticizing.
Fraudzad, "Tom Nash" and Creating Your Money Problems of the Boy Band Elon's Musk would disagree 😏
So would InverseAnswers
Man. I really enjoy this channel. I wish they weren’t such nut pullers when it comes to Elon. I’m not wearing any Tesla shirts but the dude has accomplished a lot. I also think it’s wild that he seriously has two of the best performing companies in their sectors. Meanwhile it takes like 3 of yall to put out a 14 minute video.
A lot of what he does is basically scammy. Cybertruck is garbage, tesla robot sucks, too many things to name
@@notnoaintno5134 So Cybertruck is a scam just because you dislike it? Haha
@@notnoaintno5134 To go on with the list: semi is a disaster, a truck that drivers hate because of its video game style approach while lacking much of the controls that the drivers actually need, Starships are tin cans exploding investors and tax payers money in the sky and will never deliver anything anywhere, people, cargo or fuel while their reuse is a hoax too, it brings no savings, more like contrary to that. Roadster 2 will never materialize even close range wise to the specs Musk has once marketed. Where are the million robo-taxis generating revenue for the Model 3 owners while they sleep? Tesla FSD is not reality, it's just an advanced cruise control at best. Hyperloop, hello? Busted. Neuralink functionality is not peer reviewed so whatever goes on there is mere marketing for the time being. Solar panel roads? Impossible to apply so that they would actually yield any significant amounts of energy compared to the production costs aka not happening.
List of Musk's lies, false promises and vaporware just goes on and on, it's all just marketing to pump the stock price for himself and his venture capitalist buddies who can always dump their load on gullible retail buyers for profit since _there's a sucker born every minute._
@@YoosufMuneer It's a cult item, all the reviews of it's fundamental flaws tell that it's shear garbage, possibly one among the worst cars ever produced. Yet despite all the cyber trk's flaws that owners have found in their precious vehicle, ones that have even made the car need to go for weeks repairs from the day one, some owner's are still stoked about how the car _makes them feel,_ which tells all about the cult mentality surrounding the mighty con-artist Musk and his crappy produce. Do your research and wake up from the cultist dream - although, _it's always easier to con a man than to convince them they've been conned._
Elon did nothing. He hired people then makes stupid decision because of his infinite money glitch. That's it. Elon himself never designed anything, much less did any engineering. His job is to sell you that he did. That, got to give him the credit, he is the most talented bulls@itter we've ever seen. Truly amazing.
If Apple can lose founder control, any company can.
The true value of a stock is the present value of all future dividends. A simple truth that many fairly intelligent people seem completely unable to comprehend. A stock with no prospect of future dividends becomes a token that can be traded but has no inherent value (a bit like a crypto currency). One day in the future, that stock will eventually go to zero and every dollar that a person has made trading it will have been lost by a different individual.
Are you stupid? Even a stock for a company, that is going out of business, can have a value, because the stock gives you a right to get a part of the money from liquidation.
A stock gived you the ownership of a company mesning you have ownership of their current assets.
LOL, you don't need dividends to have a stock's price go up. The price can just go up.
Not true as companies are often times bought, merged or perform stock buybacks.
@@LarsLarsen77 his post wasn't about the stock price going up. It is about holders of the stock will not receive any cash returns from the company from holding the stock. If you own 10% of a business and over 20 years you do not recieve any income from the business, what value is your 10%? It is only worth something if you can sell it to someone else.
Well, I can tell you this! I have Space X star link, it’s awesome. So if the money ends up getting spent going to Mars so be it.
Is this an AI channel? This guy's voice sounds generated.
you know it isn't and it never has been. good try.
Nope, there's just some channels that sound that way. Dartigan (Game Sins) is the same way.
AI voice is getting really good though.
What is priced appropriately after the Federal Reserves’ massive quantitative easing programs coupled with ZIRP liquidity injections?
Nailed it
Your main flawed assumption is that the new space market (cargo to stations, satellite launches) will remain stagnant. It will not. There are about 8 new space stations in construction right now, and will be completed in the next 10 years. More satellite constellations are built every year. When you talk about the commercial viability of a company, it is helpful to understand the market it is servicing.
SpaceX puts 50% of objects in space and costs $1200 a pound, which is 10% the cost of their competitors. Don't forget about revenue for Starshield.
I think in 2023, that % was 83%.
Do you really think that he does everything ten times better than everyone? He says that about all his projects. So are you saying that a launch that costs 50 million dollars he only charges five million?
@@dong9514no, the launches cost millions and they charge tens of millions.
That $9 billion is used to "artificially" lower the launch costs. It's a common short-term strategy. But sooner or later, SpaceX will need to raise prices.
@@dong9514What do you mean by "He" SpaceX is not a person.
What is the point of capital if not to use it to advance human civilization?
That’s the problem with these financial guys like WSM, all they can see is the hamster wheel they are running on. The only point of money is to make more money.
You think the guy who simultaneously lays off 14,000 worker whilst requesting a payout equal to 30 years of their cumulative salaries gives a f*ck about people?
Look back at the first time fElon told people self driving would be fully functional by the "end of the year". That's the start of the rabbit hole, watch your step, it's deep.
@@eternaldarkness3139You're talking about Elon and Tesla while we're talking about SpaceX here. It doesn't matter if he really cares about space exploration or not. From what it looks to be he at least funds it for the benefit of himself and due to his ego.
@@eternaldarkness3139 he cares about humanity, not people
Oof. The title of this video. Know that SpaceX brought us rockets that land.
I'm really curious if this video holds up. Landing rockets is the thing they will remember 100 years from now. Not what you are doing.
Any video knocking SpaceX holds up
Really, 100 years we'll remember self landing rockets...
NASA developed this almost 50 years ago, and we had Space Shuttles for 3 decades. Guess you forgot.
Bet you think Musk invented the "Hyperloop" too. (Patented 1904)
Perhaps he invented Tesla... nope, he invested several years later.
The list goes on. He's just very good at branding, and developing a cult-like fanbase.
He's also currently being investigated by DOJ, SEC & NHTSA
@@ZontarDow Jealousy seems strong with you. You do not have the ability to further the boundaries of humanity.
And clearly you're upset another group of people can.
@@harm991 you are a bag holder
@@ZontarDow Nah, I sold most of it last year and bought oil companies. I do not believe society will make it nor do I believe Musk will reach Mars. But I respect the hopium.
4:32 "But there are more expensive options that can be significantly more expensive".
If only these comments could be saved forever. Oh wait it’s the internet, The internet never forgets. Awfully kind and quite polite to only call it a grift.
All Elon Musk companies are giant scams.
Clearly all musk needs to do is set himself up as the Omnissiah and make sure the ship over to Mars is packed full of tech fanatics
Several problems with your analysis.
1. The tech is real and innovative
2. They are generating revenue based on the space tech and have even found other sources of income beyond the original plan. This shows the company can pivot.
3. You are being too literal in reading into what he is saying. He will not bankrupt himself to fund a trip to Mars; it will be part of a revenue-generating strategy. NASA or private companies may want to fund a launch to Mars.
4. I honestly can't find a legitimate problem with SpaceX. The fact that the company just raised money tells me the investment community has a different take on this company. This is not Tesla with a shaky manufacturing record, numerous competitors, and replicated tech. A CEO has to sell, it's how the game is played. This is different from a grift or scam.
@61Damola ROI, EBIT, CASH... Those are only ever positives on Elon Musk's balance sheet.
@@MuhammadImHardBruceLeeWell that is when it comes to Elon.
SpaceX is not Elon.
1. No it fucking isn't. Previous disposable rockets cost less in real dollar terms.
2. There is a cap on the maximum amount of satellite revenue available, and it isn't nearly enough to fund a mars mission.
3. If NASA could afford to go to Mars we would have done it in the 80s.
4. You're not looking hard enough.
1. Tech does not exist and is presently Musk vaporware.
2. The amount needed to fund human exploration of Mars is far beyond any revenue his companies can generate.
3. (Bonus Item) The concept of humans inhabiting Mars in our lifetimes is fantasy.
Theranos also raised tons of money. What is your point? Investers are the dumbest when it comes to understanding what they invest in.
Until he solves the radiation problem, everything Musk says about travel to Mars is nuts.
Transporting the people isn't enough: you also need to transport the dozens of tons of lead or, perhaps preferably, water to keep them from being fried by the radiation outside Earth's protective magnetosphere.
Faraday cage.
it looks stupid but if everyone thinks like this “Wall street” kid, then we’d all be stuck in the pre-Industrial dark ages. Someone’s gotta attempt to do the ridiculous in order to further the long-term advancement of technological progress. Musk’s method is to overpromise and then to eventually deliver. He is still the most promising person to head these impossible projects.
Technological progress has never come from anyone doing anything ridiculou and speaking of the pre industrial work as a dark age is just asinine. The industrial world is way worse for people than the pre industrial.
Cool now either work as labor without benefit or Mercenary without benefit
@@chrisdonish
Dude just do the satellites for internet that’s an awesome idea in and of itself
Pretty weak arguments and analysis I have to say. Who wants to live on an oilplatform in the middle of the atlantic? Nobody, but people do that for long periods... why? Oil. Its quite possible that the mineral resources on Mars will be the reason that people with go there at the start. So "living" there will be more based on corporations than normal cities. At least initially.
The fact that mars has 1/3 of earths gravity, no local life sustaining resources, and no atmosphere and magnetic field to protect the most of basic living organisms, makes this colonising fantasy...a fantasy. While everyone "waits" deliverance, Musk is enjoying his billionaire lifestyle on Earth at the expense of future promises. He is a smart man.
What mineral resources could be found on Mars that aren't already in abundance on Earth or asteroids? As much as I'd like to see a Mars colony set up it would be the greatest resource sink in history.
@@12pentaborane If your mining asteroids it might be easier to mine Mars instead. Or use it as a refining station instead of poluting earth. I'm not saying it's easy or even viable. But to flat out claim that there aren't potential areas where a "fixed" settlement on Mars might be possible (like in this video), I find disingenuous.
@@Todavihomight be Cheaper if you put industry and Shipyard on Luna
I'll take a "not-in-my-lifetime" successful colonization trip to Mars more seriously if I first see a successful attempt at terraforming one of Earth's major deserts
LOL, literally all we have to do is irrigate a desert. It's not hard at all!
@@LarsLarsen77 LOL, read book on the topic and you might realize it real is hard.
go look at satellite images of the Salton Trough in California
@@LarsLarsen77"LOL just irrigate a bunch of sand it will become an ecosystem that can easily support humans ezpz" This is how dumb you sound right now
Is this just a hit piece because Musk is associated with SpaceX? Or is WSM running out of actual grifts to report on? Or both? Today's headline from Bloomberg News: "Elon Musk’s SpaceX has initiated discussions about selling existing shares at a price that could value the closely held company at roughly $200 billion". This video has aged like fine milk.
@RobertImhoff You don't realise it, but this is even more evidence of excellent grifting.
@@MuhammadImHardBruceLee This is NOT Red Lobster
By the end of the year space x will start taking penalties for the artemis money it received. They are almost 2 years behind schedule
Who are the 2.7 million Starlink customers? Starlink would not seem to be cost effective for those living in built up areas and the target market is therefore those who live in remote areas. Sure, Starlink is proving to be essential in war torn Ukraine, are there 2.7 million people living remotely?
That's less than 1% of the US population. Is it that hard to fathom 1% of people living or having a vacation home somewhere remote without access to broadband Internet?
lol “are there 2.7 million people living remotely?”
I’m not a musk fan either, but go learn something about the world. Look up in google “how many people live in rural areas” and go from there.
*Also a dumb conspiracy, basically saying Starlink costumers "do not exist"
@@electrified0 It is fine just saying it is 1% of the American population but if you actually base it on the number of Adult American's that are estimated to live off-grid then that number is between 195,000 to 390,000 (0.0756% and 0.1512%) people, and even then you couldn't assume all of those could afford the Starlink subscription.
The Starlink performance drops the more people are accessing the same satellite so the model seems to rely on one satellite per person, and the idea is to flood space with satellites so it stands to reason some satellites are going to remain idle for much of the time.
Each of the satellites are said to have a life expectancy of five years, and can not be maintained. Technology being what it is, there is a risk that communication satellites launched today could become obsolete overnight.
Compatibility is an issue. Just as the latest Tesla FSD can't be used with the early Tesla's without a hardware upgrade, it would be challenging to maintain compatibility between 42,000 of anything on earth, let alone that number in space.
I'm happy for someone to explain why these considerations are wrong or do not detrimentally affect the business model but it doesn't sound like it is a sustainable business.
Space X's many rocket launches are impressive and they may have reduced the cost of each launch, but the majority are overheads, they are being "funded" by future Starlink subscriptions. The problems Cable companies have had sustaining the subscription model should be a lesson to all.
@@martincday007 Starlink isn't for people living off grid. That's a grift too, really it's for high frequency traders, since the speed of light in a vacuum is way faster than the speed of light in glass fibers.
How much did space x spend to buy what was left of the integrity of this channel?
What do you mean?
Are you by chance related to Gordon Johnson? 🤣
Read the comments.
You are not in the Twitter Elon cult echo chamber. People here are informed and well aware that Elon is a grifter.
@@simeon8360LMFAO the Elon haters deny reality.
Tesla: not a grift, a profitable company that for a decade led the EV market worldwide and continues to do so everywhere but China
SpaceX: not a grift, a wildly successful launch business that is cash flow positive and similarly successful internet business that is also cash flow positive
WSM has become critical of Elon? I remember how this channel used to think Elon was a genius.
Tesla stock price went from 400 to 150 so they're pissed?
Cheap hit piece. Fact: SpaceX has saved NASA, the US military, US taxpayers, commercial companies - billions on billions of dollars while heavily subsidized Boeing STILL can't get its long overdue manned flight off of the ground.
it's kind of weird how everyone fell into line into Musk hate once the media started to do hit pieces on him when he opposed the woke mob. it's like everyone is an NPC
Without SpaceX NASA would still have to pay the Russians to send our astronauts to the ISS.
Hyperloop, Mars exploration, boring company, neuralink, Full Self Driving, AI and Robotics. The main product Elon masterfully created and sells is hype.
my boi hyperloop was created by musk and other institutions to compete college students and junior engineers,Mars exploration is an extremely hard ndeavour even world governments needs decades to prepare just for the launch,FSD is also an extremely hard alien tech towork on
From an engineering standpoint the Starship design makes nosense and its failing test program proves it.
It's the biggest disaster in rocketry since the N1, which Musk praises for some reason.
except its not failing
@@nielpaul1 3 flight tests that all ended in complete failure, the biggest disaster in rocketry since the N1, having spent 8 billion to get to here (for comparison SLS cost 11 to develop and Dream Chaser cost 4 billion) with optimistically another 10 billion for it to reach cargo only launches Falcon can already do, if that isn't failing in your eyes then nothing short of tests having casualties are.
If you think Starship is a failure, because all its test flights didn't reach orbit, you are a fool.
They made progress with every one of them.
@@cinhh SpaceX outlined what the goal of the tests where, and none managed to even reach the bare minimum criteria for success.
and all that while even the worst of the worst days on earth will be better than the best one on Mars