Throw Musk in prison for his many documented crimes, but don't support this kind of dictator shit.
this post was submitted on 07 Jun 2025
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A lot of people are calling this a bailout for Elon, but in reality it would be a seizure. Elon doesn't want to let go of Starlink and the US likely wouldn't pay him what it's worth to take it over.
What people seem to be missing is the precedent this would set. It's all well and good when we empower the office of the president to seize a private company we don't like, but after we give them that power what's to stop them from seizing other businesses?
XYZ company refuses to get rid of their DEI policy because the shareholders voted to keep it? Well now the orange man can seize it.
Let's not forget that previously it took 2/3rd majority to confirm presidential appointments, but the Senate under Obama decided to change that rule to 50% to get past Republican objections. The result of this is all these shit appointments Trump has passed with 51% of the Senate, none of them would have gotten by if the Democrats hadn't made a precedent for changing the rules.
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I am not saying that I don't agree with you. But this country is still not even close to considering nationalizing its own telecommunication infrastructure. Much less a privately held space company and a service of communication satellites. A large chunk of America believes that a for-profit business model for every good and service possible in life is the best course of action.
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There's already NASA which gets piss poor funding iirc
Few words are dirtier to Republicans than "nationalize". They must be torn between following their god-emperor's hurt feelings and allowing Musk's company to be taken over by the government. The best I see them doing is cancelling all contracts and subsidies with SpaceX/Tesla and passing them off to its competitors.
Just weird it in a way that is more capitalist lingo: " The govt will acquire a majority controlling stake and take the company private under it's direct control"
I think that's a complicated question. It's both yes and no. Yes, we should nationalize them. No, nationalizing them should not be by tRump. That sets the precedent, or at least reinforces, the concept that the architecture of industry can be nationalized as payback for petty political squabbling. They should be nationalized, however, because fElon has proven himself to be unstable, reckless, petty, and a risk to the nation.
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The oligarchs wouldn't like that precedent but they might go for purchasing SpaceX since it is owned by a foreigner. Kind of like with TikTok....