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A comment on JPMorgan to trade shares of pre-IPO giants including SpaceX, Robinhood, Airbnb. Parent comment

Re:JPMorgan to trade shares of pre-IPO giants including Spac... by extremeMath on Sunday September 13, 2020 @07:47AM (#24460197)
>SpaceX isn't going to go public, possibly because it's a very long-term endeavor, and his goal is to go to Mars, not make huge profits.

I think it's due to the nature of being a military contractor.

Being public means that Americans can be upset our taxes are going to a billionaire. But private, there's deniability of how much money is coming from taxpayers.

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Re:JPMorgan to trade shares of pre-IPO giants including Spac... by marcusverus on Sunday September 13, 2020 @10:24AM (#24461065)
>Being public means that Americans can be upset our taxes are going to a billionaire.

The fact that some contractor somewhere makes a buck based on government spending seems like an odd thing to be upset about. The alternatives to SpaceX, BTW, are a different set of contractors who are also managed by very wealthy individuals. So anyone who is 'upset' by Musk getting paid would, presumably, be upset anyway.

The difference is that SpaceX has actually innovated and driven down prices, while the alternatives are charging 10x more for 60 year old disposable(!) tech.

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Re:JPMorgan to trade shares of pre-IPO giants including Spac... by extremeMath on Sunday September 13, 2020 @10:59AM (#24461268)
This is important because Tesla is a consumer facing company.
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