Kaptain Ketamine always had it right. Like he did for:

• Dojo
• The Boring Company
• Neuralink
• Sun City
• Tesla Robotaxis
• Tesla’s big rigs
• Tesla’s Cybertruck

You know, the projects that have either flat-out failed, or that haven’t done anything even remotely useful.

And this is the obvious failure (and only a short list). There’s other less obvious:

• the burgeoning Tesla meltdown

Kaptain Ketamine, between increasingly erratic drug-fuelled behaviour, showing his true political nature, and generally being a twat of the highest order is causing a death spiral in the only one of his business ventures that is demonstrably revenue-positive.

• SpaceX/Starlink shenanigans

Starlink is a non-starter. It cannot be a long-term profitable enterprise. Its model just doesn’t work for this. What little applicability it has is going to be eaten into by cheaper, more reliable ground-based services leaving only some very fringe use cases that, to support the constellation it needs, would be priced so high nobody would use it anyway. Starlink exists to make SpaceX look profitable on paper as long as you don’t look closely at the books … which you can’t because it’s not a public company.

SpaceX shows plenty of signs of serious problems too. In general successful companies don’t stiff contractors to the tunes of hundreds of millions of dollars in aggregate, after all. Who knew that constantly exploding your most expensive rockets could cost so much!?

Yesterday a guy in the sauna said “I’m not sure if Elon Musk is a genius or a madman”

We all had a good laugh at his expense.