Saturday, January 1, 2022

A risk of commercial spaceflight

 Elon Musk's email regarding possible Spacex bankruptcy reminds us of the fact that, large or small, most companies fail in 3 to 5 years, about 90% of companies fail within 10 years, and hardly any company survives 100 years. And what happens when Musk dies? Capitalism suffers from a shortsightedness and value system that makes it hard for a capitalist society to tackle projects like controlled nuclear fusion, artificial intelligence, space travel, and climate change. 

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