Favorite Futures: One with less collective narcissism and 25th century
Posts: 2,578 since May 2014
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In a way I hope the never IPO and keep it private.
I worked for some major corporations but the closest parallel for slicing through fat, bloated & outmoded competition would have been Dell Corp. in the 90s. Tech stock of the century next to Microsoft depending how how you counted it. I was at a level where I occasionally heard the private thoughts of Michael Dell and he knew what was going to happen (Apple's current dilemma).
The superlative quarter results after several years of kicking ass got not-so-amazing, expansion began to saturate and the shareholders became an increasing anchor. It was not just the dot com bubble burst, that was an opportunity but Dell was bogged down in crap and could not exploit it sufficiently.
Things change from hey were all young and crazy, dontcha just love it! to 'big company syndrome' really fast. All they could do was buy other companies to introduce innovation as the straight jacket of corporate conformist behavior tightened.
I worked for another private company that similarly took over its market but never lost its vision.
I hope SpaceX stays far away from Wall St.
The following user says Thank You to Rory for this post:
According to the Government Accountability Office, Department of Defense space launches from the United Launch Alliance (ULA) — a collaboration between Boeing and Lockheed Martin — cost more than $350 million each, compared to the less than $100 million per-launch cost SpaceX has promised. Politico reported: “Even the Pentagon’s acquisition chief grants that the creation of ULA — a monopoly criticized by the Federal Trade Commission when it was formed at the government’s behest a decade ago — may have been a mistake.” [POLITICO]