Anyway, what really gets me is people denying that Elon has some real chops when it comes to engineering and business management.
A lot of people even take it one step further and pretend like Tesla isn't a capable EV producer, because Elon once wrote something on twitter that upset them.
The problem there isn't that they're upset with Elon, that's totally fine, he frequently earns that. But being unable to recognize that he had also done some good work that is completely unrelated to those silly remarks on twitter, that is the problem.
This phenomenon should not be confused with criticizing actual flaws in any work Elon has done, which is of course great, but that's very often not what's happening in "discussions" about his companies.
Most CEOs do not spend $44 billion USD to broadcast their most abhorrent thoughts to the world. Everyone is flawed, but nobody likes a loud boor.
Look at sports, where even at the "mere" multi-million dollar level, people get changed. The music industry and Hollywood are also famous for people being revealed to be mere human.
> its his money.
Tesla is 12th largest public company by market cap, between Broadcom and Novo Nordisk. Those companies have CEOs, but those CEOs do not habitually make controversial statements on Internet fora. It is possible for a person to be flawed, but not to spend effort ensuring wide distribution of those flaws.
Zero CEOs do that.
Or just some other person, successful or not.
It's far from a dichotomy. There are plenty of successful companies and CEOs out there.
OK, that's a very cynical take. But Starlink is revolutionizing the business, and historically, merging is what the dinosaur companies often do after the revolution hits. Think of the mergers between Unix workstation vendors as the PC was revolutionizing computing.
Merging lets you get bigger. But in a revolutionary environment, faster wins, bigger doesn't. Merging is therefore a useless response. (In fact, it's worse than useless, because it slows you down.)
What alternative would you propose to merging? If the market re-stabilizes in a different position merging could be successful. If a revolution happens, it will probably not, but still better than doing nothing.
Copying. Copying the revolutionary competitor(s). Just don't have qualms. Start small to see that you can do it, then raise all the capital you need to go big.
I'm dead serious. When an innovator/disruptor comes along, if you the reigning champ does not out-innovate them quick, then the reigning champ will have to hand their crown to the newcomer. It's really hard for established players to out-innovate up-and-coming competitors because often the established player wants to milk their current customers, but to out-innovate the newbies requires lowering prices, which requires lowering costs, which requires lowering revenue (and earnings) in the short term in order to enable a brighter future. Reducing revenue and earnings on purpose is culturally really hard for established companies to do.
There are companies that have done this well at times. I'm thinking of Microsoft. It can be done.
I don't know.
> but still better than doing nothing.
Maybe not. Maybe it takes away management attention from figuring out how to actually be competitive in the new environment.
"We have to do something; this is something; therefore we have to do this" is rarely the right thing to do. It's often just a mask for "we don't know what to do".
On the other hand, "we can't figure out what to do, but we're dead if we don't do something, so we're going to do something and hope that it randomly turns out to be useful" may have a higher expectation value than doing nothing.
SpaceX was a high risk venture that paid off, props.
The overwhelming alternative is people who never make anything advance and talk like this:
> In a fast-moving and competitive satellite communication industry, this transaction expands our multi-orbit space network, spectrum portfolio, ground infrastructure around the world, go-to-market capabilities, managed service solutions, and financial profile