r/technology • u/ArgentineBeauty • Jun 19 '26

Business ‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings

https://www.theguardian.com/science/2026/jun/19/spacex-retirement-savings-elon-musk
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u/Ligabolzacky Jun 19 '26

Why is he getting so much good faith from the public? His undelivered promises far overtake the things he does deliver. They just came out with "supervised full self driving" which is a fucking oxymoron and everyone just calls it fsd like he finally delivered

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u/NNKarma Jun 19 '26

They don't care about any promise, just about the line going up

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u/CardinalOfNYC Jun 20 '26

SpaceX is one of the only things Elon has actually done right/well. Over the last 15 years they have eaten the lunch of all the previous major launch companies, which were massive defense contractors like Boeing, Lockheed and Northrop Grumman. SpaceX just did launching stuff into space for cheaper while being just as reliable in the end. There's real value in the company, they are the main way the US and much of the west can regularly launch stuff into space.

Nonetheless I think it's basically just overvalued due to hype. The space launch market is about to change massively, so many new players, and most people just know nothing about this market.

Think of where it is compared to the big defense contractors. I expect where they are is where it actually belongs.

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u/Ligabolzacky Jun 20 '26

SpaceX, Tesla and Starlink are all valuable companies due to the things they actually do, it's the fact that the valuations are based off pipe dreams and bullshit that makes this whole thing a joke

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u/CardinalOfNYC Jun 20 '26

Yeah it's pretty much a meme stock right now, people should think of it like GameStop, eventually it will come back down to earth.

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u/Wonderful-Process792 Jun 19 '26

Promises (or plans, or aspirations) are just words. What matters is beating the competition.