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by bandrami 134 days ago
And specifically that if the music is about to stop SpaceX has an implicit government backstop
1 comments

It doesn't have to; the government's rescue of GM in 2008 killed a bunch of brands that they owned.

But given the current administration, I don't have a lot of faith in the government looking out for anyone else's interests here.

And TARP destroyed 4 of the 5 largest investment banks in the US, but it still left a bad taste in a lot of people's mouths
Starlink is about to get billions and billions from the BEAD program, on top of this.