[naishoya]

And it still is the most likely outcome; but now it wont be Elon losing 99% of his worth, it will be every pension and retirement, every index fund, every investment portfolio that 'must buy' into this simply because of the scale, regardless of the individual investors' best interests.

After losing 99%, Elon would still be worth 10B, but now the risk is with the investors? What is 1% remaining out of the portion of their individual net worth committed to one (or more) of these types of index funds out of a need for "safety?"

Oops, that's $100 remaining for every 10K invested; that's roughly the cost of a single steak dinner at a mid-grade chain restaurant.

I'm sorry, I just cant imagine that this really ends well. There simply isn't anything approaching reality in the profit:risks at SpaceX.