Re: Musk, the man who has...
Musk was fired from paypal. Peter Thiel (spit) made it profitable. Musk got his first fortune by selling out of paypal after Thiel (vommit) did all the real work.
McDonnell Douglas died before SpaceX was born. They had some excellent money men with no clue how to run an engineering company. They sold out to Boeing and became their management team, sending Boeing in the same direction that they had taken McDonnell Douglas. Long before SpaceX reached orbit, Boeing got caught cheating on government tenders. The "solution" was to merge Boeing's and Lockheed Martin's rocket businesses into a single company: United Launch Alliance. The US government got completely screwed with monopoly launch pricing. They went out of their way to fund competitors (and they still do). Musk was in the right place at the right time. Space is hard as demonstrated by Rocketplane Kistler and Blue Origin. SpaceX succeeded because they had far more money the Kistler and more than Blue got in its early years. ULA and SpaceX measured success very differently: by ULA standards ULA were the obvious winners because they charged far more for doing far less. ULA still have lucrative US government contracts because the US government wants to assure access to space by having two independent suppliers. They know the end is near and are looking for a buyer because they know they cannot survive in a competitive market. Boeing is the lead contractor for SLS. The are very happy with that business: cost plus, $4B/launch and protected by politicians from both sides of the country. With Musk busy with Twitter for the last 6 months SpaceX has made excellent progress on Starship.
Tesla looks amazing when you look at the share price but if you look deeper their business is a tiny fraction of what that price would suggest. Musk has demonstrated exceptional ability at being found not guilty of securities fraud and when found guilty, of convincing the jury to award damages of $0. The law suits are piling up (at the glacial pace of the legal system). Even Musk has spotted the problem and has responded by hiring a hard core legal team team of streetfighters. Tesla is on its way to becoming a litigation company while the old motor industry are finally pulling their fingers out of their arses and setting up to build electric vehicles in quantity. When they do, they will stop paying Tesla for EV credits. Tesla is already reaping the rewards of lousy fit and finish, actively hostile customer support, broken FSD, and becoming the status symbol equivalent of a MAGA hat.
Boring company looks good on Musk's tunnelling rate figures. When you actually start comparing prices, Musk quotes for narrower tunnels and does not include lighting, ventilation or fire suppression in the costing. Digging the hole is only one part of the problem. Site surveys and permitting are sufficiently expensive to smother the cost benefits of a reusable tunnelling machine that makes fragile bricks.
Demanding to pay $44B for Twitter without doing due diligence demonstrates his business ability. Twitter was marginally profitable until he gave it $13B of debt. Any of his talk about making Twitter profitable can be thrown in the bin where it belongs because of the litigation building up from non-payment of bills. By all means, give him all your money in return for a promise of the highest interest rates in the world. Watch us laugh at you when you find you cannot withdraw your cash.