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Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by phkahler on Thursday July 27, 2017 @10:53PM (#14871570)
>> Bezos isn't playing, he's going all in, selling $1 billion of shares a year to fund Blue Origin [4]. One way to look at this situation is Musk and Bezos competing to be king of transportation infrastructure for the Solar System. High stakes indeed.

I used to wonder what could happen if the guys with billions decided to do something interesting with all their money. This is some of the most interesting stuff I've ever seen. Some guys buy sports teams, some buy hookers, some just fucking blow me away with their ambition.

Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by Turing_Machine on Thursday July 27, 2017 @11:01PM (#14871608)
Yep. At one time a mark of being super-rich was owning a megayacht and a palatial estate.

Nowadays you haven't really arrived until you can afford to fund your own space program. :-)

Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by icelancer on Friday July 28, 2017 @12:12AM (#14871909)
As stated in the show Billions, sports franchises are how people are knighted in today's society.

Space travel may be another level above that.

Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by walshemj on Friday July 28, 2017 @06:58AM (#14873325)
Really form my UK perspective a businessman buying a football club is a sign of either insanity or criminality some times both.
Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by icelancer on Friday July 28, 2017 @07:20AM (#14873414)
Oh, that's very much how it is in America. Our knights are also mostly white-collar criminals and/or insane.
Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by gozur88 on Friday July 28, 2017 @12:40PM (#14875514)
Well, you need some way to separate yourself from those that are merely rich.
Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by oblio on Friday July 28, 2017 @02:38AM (#14872421)
All in?

Charles Foster Kane: You're right, I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars next year. You know, Mr. Thatcher, at the rate of a million dollars a year, I'll have to close this place in... 60 years.

Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by beaconstudios on Friday July 28, 2017 @05:29AM (#14873038)
Musk did go all in though, at one point he was dead broke from pouring all his money into spacex.
Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by Klathmon on Friday July 28, 2017 @09:10AM (#14873962)
It's one of my favorite stories about SpaceX

Early on in their life as a company, they had 3 back-to-back failures. They were a laughing stock of the industry for the most part. The idea that this little (by comparison to NASA or some of the established private players) company could take on rockets and make them reusable was a joke.

But Elon (and IIRC Peter Thiel) poured more money into it in spite of this, and they were finally able to get moving and are now (at least in my mind) at the forefront of the industry in many areas.

Re:SpaceX Is Now One of the World’s Most Valuable Privately ... by mrep on Thursday July 27, 2017 @11:17PM (#14871678)
Repeat:

Well, at a net worth of approximately 90 billion and assuming a 5% return rate, he can spend 4.5 billion dollars every year forever on the blue origin and never lose a pennY.

This is play money for him when you are that rich.