this post was submitted on 15 Mar 2024
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Leaked SpaceX documents show company forbids employees to sell stock if it deems they've misbehaved (techcrunch.com)
submitted 8 months ago by ylai@lemmy.ml to c/technology@lemmy.world
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[–] Hypx@fedia.io 7 points 8 months ago

It is a Ponzi scheme from a financial sense. In the end, it's just a launch provider. It's not suddenly going to become the next Apple in terms of market value. But it is valued like that, and they were able to raise billions of dollars by lying about its potential business ventures.