SpaceX's IPO Filing Shows Elon's Twitter 'Business Genius' Was a Fantasy
The article discusses the implications of SpaceX's IPO filing and critiques Elon Musk's motivations behind his Twitter acquisition. It suggests that Musk's actions were more about influence than profit, drawing parallels to historical media ownership tactics. The commentary highlights concerns for small shareholders who may not benefit from these maneuvers.
- ▪Musk's Twitter acquisition was criticized as a strategy for gaining influence rather than making money.
- ▪The article compares Musk's actions to historical examples of billionaires buying media companies for power.
- ▪Concerns are raised about the impact of Musk's decisions on small shareholders.
Opening excerpt (first ~120 words) tap to expand
David says: May 22, 2026 at 10:16 am Get off it already This never was about making money (even though Musk used that pretense to fleece some donors and shareholders). It was about gaining influence, getting Trump elected and beholden. Oldest trick in the book. Watch “Citizen Kane”. When billionaires buy media companies, they don’t do it for the subscriber or advertiser money. Musk got DOGE out of it and a lot of regulatory presents from an openly corrupt administration which he helped establish. It was one of the best investments for him and his billionaire buddies ever. Not so much for the small shareholders. Collapse replies (3) Reply View in chronology Make this comment the first word Make this comment the last word
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