Thread: Space X Falcon Heavy Launch soon!!

I wouldn't be surprised if he goes bankrupt.
His comprehensive insurtance premiums must be astronomical.

Fortune favours the bold

Let the Americans and Chinese chase the dreams (aka not fliping properties, picking up garbages and having better welfare centerlink pension etc....)

Let us just watch with popcorn

honestly I am extremely jealous of those who works for projects like this. Projects like this is exciting not dig some stuffs from the ground and sell them....

It's like the American healthcare.
the healthcare cost the US of A 17% of GDP and that is huge stupid amount of money.

Many people laugh at it but they simply forget that they are in most cases the free riders, benefiting from this huge spending frenzy on healthcare, particularly pharmaceutical sector. Had America not spent 20%gdp into healthcare, there simply will not be so many clinical research and this many breakthrough cancer drugs..

So trust me, when space X success, every human being on our planet will benefit....Or free ride without guilt like the case of healthcare research

I think you are exaggerating the benefit to the rest of the world from US investment in health research. Don't forget that almost any drug brought to market only reaches the market because it is expected to be profitable. This means that little money is spent on research for the major health issues affecting those who cannot pay US prices for drugs (e.g. malaria), and that most research money goes into designing a slightly better drug than what is already available, as long as it is going to lead to a drug that is going to be used long term (hence an ongoing market).

For instance, relatively little money has gone into developing new antibiotics to overcome drug resistance. And remember that basic antibiotic research was not done in the USA, but in Britain, although the USA developed the first mass production methods.

But in general you are right - the world as a whole benefits from those people who are willing to risk a lot of their own money to pursue their dreams for something that everyone else regards as too risky. And the Australian attitude to tall poppies goes a long way to ensuring that nobody in Australia is ever going to amass enough wealth to do anything as large scale and risky as Musk is.

It's not unusual for entrepreneurs pioneering new fields to lose money for several years, as long as the investors keep backing their vision.
Elon Musk's Tesla announces biggest quarterly loss ever | Technology | The Guardian

The Future According to Elon Musk (Infographic)

Originally Posted by JDNSW

I think you are exaggerating the benefit to the rest of the world from US investment in health research. Don't forget that almost any drug brought to market only reaches the market because it is expected to be profitable. This means that little money is spent on research for the major health issues affecting those who cannot pay US prices for drugs (e.g. malaria), and that most research money goes into designing a slightly better drug than what is already available, as long as it is going to lead to a drug that is going to be used long term (hence an ongoing market).

For instance, relatively little money has gone into developing new antibiotics to overcome drug resistance. And remember that basic antibiotic research was not done in the USA, but in Britain, although the USA developed the first mass production methods.

But in general you are right - the world as a whole benefits from those people who are willing to risk a lot of their own money to pursue their dreams for something that everyone else regards as too risky. And the Australian attitude to tall poppies goes a long way to ensuring that nobody in Australia is ever going to amass enough wealth to do anything as large scale and risky as Musk is.

Thanks.

I worked for NICE at Manchester before and then for PBAC here in Australia. These are essentially the agencies responsible for drugs purchasing for the public health system. Australia and UK both are very socialist countries with universal public healthcare system. All these two agencies want is the best deals ever on drugs (to be exactly patented drugs), they are the extreme bargain hunters, the ones when you sell you winch on Gumtree for $700, will message you saying "$400 pickup tonight". The consequences is Australia is usually the last one to get the newly developed drugs (but probably get them with lowest price ever
It is known in the private sector that UK and Australia are the worst places to invest in drug research in the world (UK nowadays is a lot better....NICE was a very tough around 2010).

Once a drug lost its patent, Australia will always immediately switch to a generic copy made in India or China, all in the name of cost-effectiveness...

I know it sounds harsh but....It is true..
If one day Americans suddenly become smarter and stop spending 20% GDP on healthcare, we all gonna pay more for our healthcare and will have less innovations and breakthroughs

So I appreciate Americans do what they do best, free market economy with huge gambling investments...
They shall have the best first and we will get something similar later and cheaper.....

Cheers
Martin

Originally Posted by DiscoMick

It's not unusual for entrepreneurs pioneering new fields to lose money for several years, as long as the investors keep backing their vision.
Elon Musk's Tesla announces biggest quarterly loss ever | Technology | The Guardian

The Future According to Elon Musk (Infographic)

Agreed, but he better start selling some mark 3’s because losing more than $200 million a month is unsustainable no matter who you are...

Originally Posted by Homestar

Agreed, but he better start selling some mark 3’s because losing more than $200 million a month is unsustainable no matter who you are...

I suspect the company is getting there.

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