this post was submitted on 15 Dec 2023
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Musk cannot make a profitable company without government subsidies. Hilarious.
Almost no major company can, have you seen how much the US subsidizes oil and gas despite their profits? How much we subsidize food production? Renewable technology such as wind and solar is only becoming so vastly popular because we're heavily subsidizing it finally.
Don't get me wrong fuck Elon musk, but don't kid yourself and pretend like most companies wouldn't fail without subsidies. That includes other internet companies which we subsidize regularly
there's no greater welfare than corporate welfare. And for some absolutely bizzare reason, people are ok with this. it's even worse because a lot of these companies don't just make obscene profits on the back of tax payer 'donations' they they go on to in some cases pay zero or close to zero tax. (gas and oil companies are the greatest offenders BTW).
SpaceX is doing just fine
SpaceX is estimated to have 8 billion in revenue this year.
How much are SpaceX expenses though? Revenue is different from Net Profit.