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  • Originally posted by Handyman View Post
    Ego is part of it...in the need to be seen as the genius who revolutionized space travel and so on. If Elmo and crew just update what came before them they will be seen as heroes but not above those that came before. If you come up with something new now you are on the level of the greats.

    Elmo doesn't want to be some no named NASA engineer that is forgotten to history...he wants to be Edison or Tesla. A name that will always be known.
    Tesla died a a very poor man even though his innovations were more significant than Edison. So if elmo dies a poor, obscure person, well...

    It wasn't until much later that he got credit.

    If elmo keeps going like this, he will certainly blow through all of his money really quickly.

    Comment


    • Originally posted by dxmnkd316 View Post

      Honestly, and I don't mean to oversimplify this, this is the kind of remedial stuff you can learn in KSP. Which is why it's so infuriating that SpaceX is repeating these dumb... I'm trying to find a word because 'mistakes' isn't appropriate, these are fairly well-known concepts and it's like they're trying to prove them wrong. Which is... expensive.
      Muskrat hates Kerbal Space Program confirmed.
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      Applejack Tells You How UAA Is Doing...
      I spell Failure with UAF

      Originally posted by UAFIceAngel
      But let's be real...There are 40 some other teams and only two alaskan teams...the day one of us wins something big will be the day I transfer to UAA
      Originally posted by Doyle Woody
      Best sign by a visting Seawolf fan Friday went to a young man who held up a piece of white poster board that read: "YOU CAN'T SPELL FAILURE WITHOUT UAF."

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      • Originally posted by MichVandal View Post

        Tesla died a a very poor man even though his innovations were more significant than Edison. So if elmo dies a poor, obscure person, well...

        It wasn't until much later that he got credit.

        If elmo keeps going like this, he will certainly blow through all of his money really quickly.
        He could never blow through his money...legitimately I am not sure it is possible.
        "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
        -aparch

        "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
        -INCH

        Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
        -ScoobyDoo 12/17/2007

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        • Originally posted by Handyman View Post

          He could never blow through his money...legitimately I am not sure it is possible.
          Most of his money is in value of stock, and that can very much take a dump. And these huge rocket launches have to be incredibly expensive, moreso that they have to keep repeating them to reach ALL of the steps they need to reach before a real launch.

          We have to hope for the other launch businesses start taking business from X. Once there is real business for launches, their monopoly goes very much away.

          Comment


          • Originally posted by MichVandal View Post

            Most of his money is in value of stock, and that can very much take a dump. And these huge rocket launches have to be incredibly expensive, moreso that they have to keep repeating them to reach ALL of the steps they need to reach before a real launch.

            We have to hope for the other launch businesses start taking business from X. Once there is real business for launches, their monopoly goes very much away.
            100% agree.
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            College Hockey 6       College Football 0
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            Originally posted by SanTropez
            May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
            Originally posted by bigblue_dl
            I don't even know how to classify magic vagina smoke babies..
            Originally posted by Kepler
            When the giraffes start building radio telescopes they can join too.
            He's probably going to be a superstar but that man has more baggage than North West

            Comment


            • Originally posted by LynahFan View Post
              Even on airplanes, fewer engines is better....down to a point. If you're flying over water, redundancy is nice. But fewer bigger engines is such a huge cost incentive that the regulating agencies have developed a certification called "ETOPS," (which officially stands for "extended twin operations" but is better known by running industry joke as "Engines Turn Or People Swim"). Without ETOPS, twin engine aircraft have to be within 60 minutes of flight time (on a single engine) of a suitable divert runway at all times. You can get ETOPS ratings to allow longer times, up to 330 minutes, which basically covers 100% of the earth's surface.

              So you can be a less nervous flyer, ETOPS certification is based not only on the design characteristics of the airplane ("how many redundant fuel pumps do you have?") but also on the actual service history of the planes, as maintained by the operator. So if United maintains their planes better and experiences fewer failures as a result, they may be able to get certified for more minutes of ETOPs than American can for the exact same type of aircraft. Going for an ETOPs cert therefore means that the airline has committed to collecting and documenting all the right failure rate data (in perpetuity, not just a one-time thing) to prove to the FAA that ETOPs is low risk - and going to all that trouble is still cheaper than adding a 3rd or 4th engine.
              Fun fact: The 777 was the first aircraft to be ETOPS certified at the time of first customer delivery. https://www.amazon.com/Twenty-First-.../dp/0684807211

              Comment


              • Originally posted by MichVandal View Post

                Most of his money is in value of stock, and that can very much take a dump. And these huge rocket launches have to be incredibly expensive, moreso that they have to keep repeating them to reach ALL of the steps they need to reach before a real launch.

                We have to hope for the other launch businesses start taking business from X. Once there is real business for launches, their monopoly goes very much away.
                The companies would have to go under...all of them...to even approach the idea and that isn't taking into account other investments he likely has and liquid assets. He is never going broke.
                "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                -aparch

                "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                -INCH

                Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                -ScoobyDoo 12/17/2007

                Comment


                • Originally posted by Handyman View Post

                  The companies would have to go under...all of them...to even approach the idea and that isn't taking into account other investments he likely has and liquid assets. He is never going broke.
                  X is already going to he!!, so that one is going to drain a big amount from his pockets. If Tesla continues to try to sell terrible cars at a premium (which they are doing), that's not going to last that long under his ownership. And SpaceX... those launches are super expensive to keep hitting the destruct button, in spite of all the "they are learning so much" bs. The only think holding them together is Starlink and the ISS.

                  All of them going under isn't totally unheard of. And if he keeps revealing his true self.... The right don't want EVs, and liberals don't want to buy cars from Nazis. X has lost how many sources of revenue (big advertisers)?

                  I would never say never in this case.

                  Comment


                  • Originally posted by Handyman View Post

                    The companies would have to go under...all of them...to even approach the idea and that isn't taking into account other investments he likely has and liquid assets. He is never going broke.
                    Not necessarily. He's taken on a significant amount of loans against that stock. Not just with the twitter deal. The problem is if it gets bad enough it starts to snowball very, very quickly.
                    Code:
                    As of 9/21/10:         As of 9/13/10:
                    College Hockey 6       College Football 0
                    BTHC 4                 WCHA FC:  1
                    Originally posted by SanTropez
                    May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                    Originally posted by bigblue_dl
                    I don't even know how to classify magic vagina smoke babies..
                    Originally posted by Kepler
                    When the giraffes start building radio telescopes they can join too.
                    He's probably going to be a superstar but that man has more baggage than North West

                    Comment


                    • Has any billionaire gone broke since the 1950s?

                      Dump doesn't count, he was always broke.
                      Cornell University
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                      • Originally posted by Kepler View Post
                        Has any billionaire gone broke since the 1950s?

                        Dump doesn't count, he was always broke.
                        Yes, it hasn't been been a year. Sam Bankman Fried.
                        Code:
                        As of 9/21/10:         As of 9/13/10:
                        College Hockey 6       College Football 0
                        BTHC 4                 WCHA FC:  1
                        Originally posted by SanTropez
                        May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                        Originally posted by bigblue_dl
                        I don't even know how to classify magic vagina smoke babies..
                        Originally posted by Kepler
                        When the giraffes start building radio telescopes they can join too.
                        He's probably going to be a superstar but that man has more baggage than North West

                        Comment


                        • Originally posted by dxmnkd316 View Post

                          Yes, it hasn't been been a year. Sam Bankman Fried.
                          But Fried wasn't a billionaire, because he could never have realized the share price on his holdings had he tried to unload them. It was a Ponzi scheme.

                          If you own tangible, persistent value of a billion dollars, you are a billionaire. If you own a billion "dollars" in a fraudulent enterprise, or a billion "dollars" in debt from people who cannot pay, you're a bankrupt.

                          Last edited by Kepler; 11-21-2023, 02:26 PM.
                          Cornell University
                          National Champion 1967, 1970
                          ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                          Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                          • Originally posted by Kepler View Post

                            But Fried wasn't a billionaire, because he could never have realized the share price on his holdings had he tried to unload them. It was a Ponzi scheme.

                            If you own tangible property worth a billionaire dollars, you are a billionaire. If you own enormous amounts of shares in a fraudulent enterprise, or a billion dollars in debt from people who cannot pay, you're a bankrupt.
                            I get your point, but if elon starts selling off that much to maintain a massive fortune, his stock would take a massive loss. Which is part of the snowball thing.

                            I know it's unlikely- but who knows how they really deal with this.

                            All I know is X is absolutely bleeding money, and the more he says anything, the worse it gets. SpaceX has chosen the most expensive way to go to the moon, let alone Mars, and their "break the system" model isn't actually novel- so that's costing massive money. And Tesla really does make POS vehicles. They claim to be profitable, but the quality is so bad, it won't translate well to normal people. The system makes money via an ISS monopoly, heavy lift satellite monopoly, and the space web. And the latter is really under threat by many other rocket start ups. Some that do it cheaper than they do.

                            His one way of getting out of it is to buy every single start up. But that won't work with NASA and their subcontractors.

                            One other point, Tesla is worth massive amount more than GM, Ford, and Stellantis. I would not be shocked if all combined, even. But the latter own so very many plants all over the world that their properties are probably worth more than their stock is. Tesla is more a paper company than the other makers.

                            It may be unlikely. Very unlikely. But still possible.

                            Remember, what he sells, many of the nazis that support him do not buy. So the more he talks, the more he undermines his market appeal.

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                            • I thought Musk started out a billionaire in apartheid money.
                              Cornell University
                              National Champion 1967, 1970
                              ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                              Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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                              • Originally posted by MichVandal View Post
                                Remember, what he sells, many of the nazis that support him do not buy. So the more he talks, the more he undermines his market appeal.
                                Does Musk's worth depend on consumers anymore? I thought he was wired into that sweet, sweet federal contract stream. Once you're in it's very hard to get kicked out again. You just keep hiring guys with a fed Rolodex who keep the contracts landing. And the barrier to entry protects you.
                                Cornell University
                                National Champion 1967, 1970
                                ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                                Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

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