Texas poised to get own stock exchange – with less red tape than NYSE or Nasdaq

Re:Texas poised to get own stock exchange – with less red ta... by InitialLastName on Wednesday June 05, 2024 @01:58PM (#40588174)

Absent Musk, someone else would have worked out how to arbitrage government subsidies on efficient cars, household solar and space flight. That's how capitalism works: if there's free money floating about, someone will figure out how to take it.

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Re:Texas poised to get own stock exchange – with less red ta... by smsm42 on Wednesday June 05, 2024 @06:18PM (#40591254)

There were - and are - a lot of companies vying for those sweet subsidies. And most of them can't make it work even with subsidies. Maybe Toyota with their prius is getting anywhere, the rest are mostly a footnote. And yet, Musk comes and makes a successful business there. I think there's something more than subsidies in play. Sure, subsidies help, but a lot of people failed where Musk succeeded.

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