Elon Musk and the age of the corporate leviathan

[Coss]

Worth a read at the link - LINK

excerpts:

In 1989 Francis Fukuyama famously and prematurely wrote that the world was seeing “the total exhaustion of viable systematic alternatives to Western liberalism”. A decade later Henry Hansmann and Reinier Kraakman, two American law professors, made a similar argument about the way companies are run. The world was converging on a superior model of shareholder capitalism, they argued: firms subordinating the interests of capital to managers, workers and states would soon crumble like the Berlin Wall.

&

Almost nothing about Mr Musk’s corporate empire can be understood in the language of shareholder capitalism. That leads to discordant results when the analysts who speak it are required to express a view. This week Wall Street banks released their initial reports on SpaceX. “Not [free cashflow] positive on our forecasts before 2035, requiring, on average, $84bn of external capital needs per year from 2027-2034,” wrote Morgan Stanley, before saying the firm should be worth twice as much as it already is.

This is the end. My only friend, the end

Soon the ranks of giant public companies will grow. With which tribe are OpenAI and Anthropic likely to identify?

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[Old Hippie]

FUCK musk, the little stinker…

[My Penis is hungry]

Perhaps people with an interest in Asia should listen to LKY's views on America, democracy, and capitalism.