hn • r/hackernews
Comment on: SpaceX stock erases all its gains and slides below IPO price in intraday trading
I would much prefer Mr. Musk found a nice hobby like yachts or race horses instead of buying communication platforms, bulldozing regulations, and bribing officials with PAC money.That said, he needs the wealth to keep the whole machine from falling over. One element might be stable but the rest is overstretched and about to go bankrupt at any minute. He is doing this to get back control of Tesla while also investing in AI and not exploding.He is running forward falling and his wealth legs need to keep up or it all goes down hard (and takes a bunch of bagholders with)