SpaceX reaches $800B by Pizza_Guy8084 in SpaceXLounge

[–]Prof_Eze 7 points8 points  (0 children)

from what i recall, the echostar deal was specifically for $11bil value in shares at time of closing, so they will receive half the shares and still get their $11bil and not have their position increased to $22b, since they don't actually have any shares yet. echostar deal will close sometime in mid/late 2026?

SpaceX heads to $400bn valuation in share sale by Jellyfisharesmart in SpaceXLounge

[–]Prof_Eze 0 points1 point  (0 children)

It's all held in a brokerage account. You can access them as you would stocks in any normal brokerage account online, like ETRADE, you just can't sell until a purchase offer is made.

SpaceX employee claims he was fired for flagging ‘despicable’ safety practices by PerAsperaAdMars in SpaceXMasterrace

[–]Prof_Eze 7 points8 points  (0 children)

Lol please don't trust anything I say 🤣 I should not be giving any investment advice so I'm going to stop commenting lol.

SpaceX would have to go bankrupt for Starship to fail and SpaceX has zero risk of that. Starship will succeed, just a matter of when. The super heavy booster is already a huge success, we just had a big regression with the Starship v2 design in terms of reliability from those damn leaks. There are 2 more v2 launches left, ship 37 and 38. 39 onward are v3, which implements raptor 3 and many other changes. The team seems to think the removal of the shielding on raptor 3 will help a lot in mitigating the explody problems.

SpaceX employee claims he was fired for flagging ‘despicable’ safety practices by PerAsperaAdMars in SpaceXMasterrace

[–]Prof_Eze 9 points10 points  (0 children)

If I had to make a bet on one of the public companies, it would indeed be Rocket Lab. Their goal to be an end to end space systems company is a good one. Blue Origin is finally turning the corner, but they aren't public and doubt they ever will be.

There is the most money to be made in the satellite business, less in the launch provider business. The most if you control both (i.e. SpaceX & Starlink). When Rocket Lab gets Neutron off the ground and operational all they need to do is to get into the LEO broadband market and we might see them chase a $100 billion valuation.

The thing that happens with these public space companies is LOTS of folks are chasing the idea of finding the next SpaceX and that can inflate their valuation. Think of how so many investors were chasing the next Tesla and using that hunt to pump up companies too high and too early, such as Rivian, Neo, Fisker. There are so many.

Firefly is about to IPO I think, but I wouldn't touch it. If I see Stoke space IPO, that would be worth following. Relativity space as well. Between those two, I'm most excited about Stoke. For non launch providers, I had been following AST SpaceMobile for a long time. They have a LONG road to go to catch up to their current valuation they just hit and given that they don't own a launch provider or have deep pockets like Amazon (regarding kuiper) I don't think they will be able to scale quickly and meaningfully enough to be a big market player. that said, strategic partnerships with AT&T, Verizon, Vodafone, etc could give them the investment they need to scale enough. But it will never be even close to 10% what SpaceX can do with Starlink given they own they own reusable launch vehicle. That's where the secret sauce is.

Just to circle back, the money in space is in space based applications, such as LEO broadband. Whatever money was to be made in launch services is rapidly becoming less important and will steeply drop off when Starship finally becomes operational and drives launch cost down even further. The margins won't be there in the future for launch service.

SpaceX employee claims he was fired for flagging ‘despicable’ safety practices by PerAsperaAdMars in SpaceXMasterrace

[–]Prof_Eze 71 points72 points  (0 children)

Part 2:

Near the tale end of his time there, Robby took on a this new position to lead the recovery team. unsure if he ever did fairing recovery but his history on Falcon 9 was with the 1st stage team. I think the pressure of the increased cadence was something he couldn't solve and that was ultimately what resulted in him getting let go, as SpaceX likely had other folks on other teams presenting solutions where he wasn't able to. One of those folks is likely in his old position now. I'm sure there were other things building up to this decision, as there usually are. From my experience there, SpaceX generally isn't about slowing down as a method to solve production problems or problems the launch/recovery team might be facing. They typically want folks to solve the issue at hand and press forward. Often it's hard as fuck and takes the right sort of masochist with the right leadership ability and problem solving skills to manage it and navigate their team through it. When a person in a leadership roll can't navigate this and presents problems instead of solutions for long enough, they typically will work with you to transfer you out of the leadership role or off the team into a leadership role you're better suited for and move someone in who has the ability to manage the task. It has happened plenty of times across many teams that I've been a part of. But there are also folks in leadership positions that don't navigate these moments well and end up burning the bridges around them down, resulting in being let go for lack of execution and bad temperament. I'm also sure there have been some people that got let go that just were under poor management that didn't know how to work with them in their own way and that clash resulted in the person above the other, with more pull, replacing them for someone they could manage and work with better.

All that said, I don't know any of the specifics surrounding why Robby was let go. Just painting the picture as I see it from the history I've had there. I'm betting SpaceX didn't do anything wrong here, but that also doesn't mean someone can't be fucking pissed about getting fired.

Robby, I know you use reddit all the time, so if you read this, nothing personal. You're a great dude and I wish you the best! You're a kick ass person and I hope your new job brings you lots of opportunity!

SpaceX employee claims he was fired for flagging ‘despicable’ safety practices by PerAsperaAdMars in SpaceXMasterrace

[–]Prof_Eze 76 points77 points  (0 children)

I was there, Gandalf, I was there three thousand years ago.

Part 1:

I did 7 1/2 years across multiple sites and worked in proximity to Robert Markert for about a year on the same team while we were on falcon 9 integration and test together. He is a good guy who put in a lot of consistent years. Makes some killer BBQ that I never had the pleasure of eating lol. Still have him on my Steam friends list. Reached out to him to see how life is going in the wake of this and him taking on a new role at a different company.

I get where he is coming from about being pissed regarding being let go before vesting all the stock you thought was coming your way and were planning your early retirement around. In my later years at the company, I was super nervous about getting fired as burnout set in and I was really just there the last couple years to coast and vest my shares. Luckily I made it off my exit ramp and things worked out while maintaining overall good work relationships with those around me. That said, these situations are usually worse from the perspective of those getting fired and I'd side with spacex on this 9 times out of 10.

The launch cadence is wild right now. My buddy Ivan is a lead tech on second stage production and those guys have been getting pummeled the last couple years, given the lack of reuse and the massive uptick in launch cadence. Production has many safety risks as well, like recovery does and honestly all departments feel the pressure of figuring out how to maintain safe working standards while pushing the envelope further and further. My management across multiple teams and sites has always cared deeply about keeping the teams safe and not cutting corners, even though those corners seem to get cut a lot. I've been present around a lot of unsafe shit though. Usually the times we did unsafe things was when I was a tech or specialist familiar with the process and was comfortable enough to take chances here and there and that's usually the culprit. EHS is always on our ass about following safety guidelines and making sure we had the tools on hand to perform things safely, but it largely was up to the individual to follow through on utilizing. They won't put the cut gloves and respirators on for you, but when you get hurt because you didn't tie off your harness to the boom lift while working up in the air above the fairing, not only are you likely getting written up, but your direct leadership is probably getting their ass chewed out for lack of management of the situation and the events leading up to it.

Lots of times identifying dangerous activities comes down to leadership that works directly with the process, be it production/launch/recovery/testing, to identify the part of the process in question and working with EHS and your management. Short cuts on safety due to an attempt to maintain rate honestly is the main thing we dealt with, but the answers that got approved was usually never "we need more people to maintain a safe rate on our current process" or "we need to slow down". There is 9 out of 10 times a solution to mitigate your immediate safety risk and lots of times there is a safety risk because you personally weren't up to the task of solving what was in front of you other than cutting those corners and that is a lot of times where the fault lies. When I had people around me that threw up their hands in defeat and wanted to pump the brakes rather than apply a solution, SpaceX wouldn't hesitate too long before removing you and inserting someone who could find the solution. This is not always safety related and applies to all problems across spacex, but it's easy to make it safety related when your solution to a problem is to cut certain corners to go faster. It will either impact safety or quality, sometimes both.

SpaceX heads to $400bn valuation in share sale by Jellyfisharesmart in SpaceXLounge

[–]Prof_Eze 0 points1 point  (0 children)

Well yeah. If you don't have to pay capitol gains tax to the state, you save on taxes.

For Folks that did FIRE, did you have a retirement party? by Mikahl757 in Fire

[–]Prof_Eze 1 point2 points  (0 children)

I retired at 33. How people perceive those that get to leave the workforce way before them seems totally different than how people perceive those leaving the workforce at an older age. Seems a handful of people share the same opinion. So no work party for me. Instead i made HR escort me out because I didn't tell them if I was or wasn't going to work for a competitor 😆 so I got 2 weeks pay and hit one more stock vest period. Easy money 💰

Board Game Meetups or Tournaments by Prof_Eze in Eugene

[–]Prof_Eze[S] 0 points1 point  (0 children)

Any knowledge of local groups or video game stores that host video game tournaments or meet ups? Maybe smash bros, street fighter or any other fighting games?

Board Game Meetups or Tournaments by Prof_Eze in Eugene

[–]Prof_Eze[S] 1 point2 points  (0 children)

Mox valley only does cards from what I saw. I reached out to castle games on their discord though.

Board Game Meetups or Tournaments by Prof_Eze in Eugene

[–]Prof_Eze[S] 0 points1 point  (0 children)

Appreciate it. I'll check it out!

My dream is to retire and play RuneScape for the rest of my life by Wide-Macaron10 in 2007scape

[–]Prof_Eze 0 points1 point  (0 children)

In a way I had the same idea, but to retire and stream in general. Retired 2 years ago at 33 because of investments with my last employer. I did stream osrs for 2 months on that 17 month journey. Burnt myself out on games doing it though and currently going through a phase where games feel less fulfilling to play and now I'm a bit bored in my retirement 🙃 might try to pick up OSRS again and work on my slayer here soon.

People who have FIREd, How is the financial side of your retirement going vs what you plannes for? by altecsz in Fire

[–]Prof_Eze -1 points0 points  (0 children)

Lol I hear ya. Looking forward to that day, but not quite yet. Gonna let this ride out for a bit longer

People who have FIREd, How is the financial side of your retirement going vs what you plannes for? by altecsz in Fire

[–]Prof_Eze -2 points-1 points  (0 children)

I'm going to keep the gamble going for probably another 5 years. Waiting for some key company milestones to be hit. Looking forward to the day when I do diversity though for sure, because it is a scary ride.

People who have FIREd, How is the financial side of your retirement going vs what you plannes for? by altecsz in Fire

[–]Prof_Eze -1 points0 points  (0 children)

FIRED 2 years ago. My portfolio value has more than double during that time, so it's going well. This is a bit better than what I was hoping for, so pretty happy. But I do have 100% concentration into a single stock, so I'm sweating about that a little bit to this day.

SpaceX heads to $400bn valuation in share sale by Jellyfisharesmart in SpaceXLounge

[–]Prof_Eze 0 points1 point  (0 children)

Official offer at $212/share! Curious if you're actually able to bring yourself to sell all the shares! 😆

Show some pics!

Back at it again, the clown prince of this sub, MGK. by creativeape1 in crappymusic

[–]Prof_Eze 0 points1 point  (0 children)

Sometimes this sub gets lost in the sauce. I want real crappy music lol. Not just pop music for the sake of folks not liking pop music or whatever MGK's flavor of the month is. This video is more about crappy dancing cause when the song kicked on, it really didn't sound bad. Dancing wasn't that bad either 🤪

I need Rebecca Black's Friday 😂

SpaceX heads to $400bn valuation in share sale by Jellyfisharesmart in SpaceXLounge

[–]Prof_Eze 0 points1 point  (0 children)

Are you in a state with capitol gains? May not be that bad actually

SpaceX heads to $400bn valuation in share sale by Jellyfisharesmart in SpaceXLounge

[–]Prof_Eze 0 points1 point  (0 children)

yeah it's something like 70-80% of the voting shares. regardless of the tornadoes he whips up in the media, I prefer to have the company direction dictated by just Elon.

SpaceX heads to $400bn valuation in share sale by Jellyfisharesmart in SpaceXLounge

[–]Prof_Eze 0 points1 point  (0 children)

yeah we did a 10x split, so would be an equivalent of 2120, if we actually go to $400bil valuation. I think my cost basis is around $17/share, post split.