This might be the beginning of the end for the whole Mars plan…
After years of resisting it, SpaceX now plans to go public.
https://arstechnica.com/space/2025/12/after-years-of-resisting-it-spacex-now-plans-to-go-public-why
https://arstechnica.com/space/2025/12/after-years-of-resisting-it-spacex-now-plans-to-go-public-why
This might be the beginning of the end for the whole Mars plan…
13 Comments
burble@lemmy.dbzer0.com · 21 pts · 253d
Well that sucks. Quarterly shareholder value has to be one of the worst ways to distract a company like this.
threelonmusketeers@sh.itjust.works · 18 pts · 253d
Good article from Eric.
Yeah, this seems like the biggest risk with this decision.
burble@lemmy.dbzer0.com · 7 pts · 253d
They saw grifty startups getting money and realized that they could grift WAY more money than them. I'm surprised that they haven't announced something like "advanced custom grok silicon on every Starlink".
If anyone can make it work, it's the company that has made, launched, and operated by far the most satellites of all time. I still don't see the point, though.
Peppycito@sh.itjust.works · 2 pts · 253d
I think they saw New Glenn land and are worried they're going to get leapfrogged. I bet starship is a long way from actual service. Hence trying to cash in on some bullshit hype train before the curtain gets pulled back.
burble@lemmy.dbzer0.com · 6 pts · 253d
I don't buy that. Based on payloads, New Glenn 7x2 is in the class with Falcon and Vulcan. That landing should make ULA panic about someone showing up to steal their #2 spot and NSSL and Amazon launches.
New Glenn 9x4 (in a few years?) will get closer to Starship payloads, but I still think the only direct competition between the two will be for the rare payloads that need a big fairing.
cole@lemdro.id · 4 pts · 253d
nah, New Glenn is neat but it is not competition for Starship. glad it exists though
threelonmusketeers@sh.itjust.works · 2 pts · 252d
It sounds as though their AI satellites are contingent on the Starlink V3 design, which in turn rely on Starship to launch them, as the sat bus is too large for Falcon 9.
Relevant Elon tweet: https://x.com/elonmusk/status/1998872465087541752
If they think Starship is a long way from actual service, pursuing AI satellites is a strange move, as it seems these satellites would be dependent on Starship to launch them.
Peppycito@sh.itjust.works · 2 pts · 252d
My theory is that it's total bullshit. Why put Ai in space? It solves the power problem with solar, but it makes the heat problem way worse. So why, exactly are Ai space satellites a good idea? What need does it solve, aside from using their infrastructure for something 'hip' and 'cool'? I think Elon is talking out his ass and setting bullshit timeliness to complete buzzword investment bait. 'Space ai' is solar roads.
Of course, I could be absolutely wrong and I'll have to wait till Q4 to see if we have space factories and data centers. Going to be an action packed year with all the starships making orbit and doing orbital refueling and going around the moon and all the other bullshit he's promised.
slazer2au@lemmy.world · 10 pts · 253d
Is musk running low on Tesla shares to use as collateral for his Twatter loans?
Peruvian_Skies@sh.itjust.works · 9 pts · 253d
Generally, a company going public is a surefire way to either begin or accelerate the enshittification of its products and services, worsen working condition for its non-C-suite employees and just make everything to do with it worse. But in this particular case, I don't think it will make any difference at all.
verity_kindle@sh.itjust.works · 3 pts · 253d
Noooo, SpaceX, mein liebchen!
karashta@piefed.social · 2 pts · 253d
I miss living in the country where this type of thing was done by the government instead of idiot capitalists
cole@lemdro.id · 3 pts · 253d
Going public? Or development of space.
Governments can still work on space projects but introducing the free market has been a roaring success even if you don't like it