/biz/ - Business & Finance

>>27695913
no

>>27695913
space travel is an impossible pipe dream

>>27695913
It's an inevitablity

>>27695913
old nerds with lofty goals build businesses that outpace "i jus wanna be rich lmao"

fuck off faggoi soi boi

>>27695913
no

That is for sure but since the majority is still believing the space story and we are surrunded by GlobeHeads things will not change for a while - they will eventually even fake an alien invasion...

>>27695913
>We
Go back

>>27695913
no, if Hitler had won we'd already be living on a moon.

>>27695913
Ok the “virgin” guy is a mess.
His trains sucked, his “space” program never came to fruition and now he is investing in HYPERLOOP and we know how loony is that one.
Also musk is a retard who think he can take people to mars for 200k per person.
That’s just retarded

>>27695913
Commercial space travel already exists. Billionaires can buy space tickets from the Russians. Picrelated is the Cirque du Soleil founder when he flew to space for $35 million in 2009

>>27695987

Found the reddit

>>27695987
this

>>27695913
yes

lol, you can’t get what is trash and what is pearl
why are u here lil boy? wanna try this rubbish? c’mon - check it
I will be smarter and wait for playcent nft release, my wallet will be safe

>>27695913
Progress is achievable but extremely slow. Society is far too inefficient, we'll probably nuke ourselves at some point first.

>>27695913
when gold goes to $150,000 an ounce deep sea mining and space mining will happen
gold is always what has driven us to the frontier

>>27695913
No. Question is just when and why.
Tourism? Probably gonna happen soon, but will stay a niche.
Transport to orbit for science, communication and military? Already happening.
Actually doing stuff in space (mining, colonizing...)? That’s the big one...
And no, no one is planning to mine gold in space to bring it back to earth. First step would be to mine water to actually be able to do anything.

>>27696697
why?
same as always, gold

>>27696659
poo in the loo's will create a shit coin and launch the servers into space and /biz/ will create a whole new industry just to go and loose more money.

>>27696728
Not just gold but all kinds of metals. For instance you could capture an asteroid that is as large as a house, but completely filled with platinum.

The question for us down here now is just:
How to invest in it all?
Obviously, Chad galactic, but what else?
Boeing has some space stuff, but they’re mostly a plane (and military) company. Same with airbus and the various suppliers, like Safran. Only true space company I’ve found so far is OHB a satellite maker out of Germany, but being German, there’s no way that they’ll moon ever, because
>ze stock Markt iz evil Spekulation, ja! We vill not partizipate in zis!
Anyone knows some other options to throw in some play money?

Commercial will never work. Efficiency and cost saving? Were trying to go to fucking SPACE here you fucking retard billionaires. If we want real space travel in our lifetimes we need to elect space minded officials who will write blank checks in the trillions or were ngmi

Yes. It absolutely is a mirage.

>>27696728
>>27696907
And how do you get it down to earth?
Only feasible if the gold price is INSANELY high. But guess what will happen to that price once someone figured out how to bring tons of he stuff down to earth?

>>27696865
>>27696907
right now everyone is at home collecting fiat welfare checks and pumping it into the crypto casino while the world around them stagnates and fades, this is literally the great filter
the gold rush is what used to push us to the frontier and if it ever reaches its lawful price again we will have another gold rush for space and the deep seas

>>27697080
Anon, they want the great filter to fail so they can sacrifice billions of souls to their loosh demons, so perhaps they may have a gilded cage in the stars.

>>27696907
wouldn't that just drive the price of platinum down since it would become as comment as iron ore?

>>27697153
Yes.

>>27697080
Gold failed, anon. This is something that even Austrian economists are starting to admit. Gold FAILED. It's time to stop clinging to gold as the monetary cure. After all, in a space-faring civilization, gold will not make much sense to use as money as it is too heavy.

>>27695913
It’s a pipe dream for the rich more than anything. They’re the ones that need to find infinite new markets on a limited planet. Like the idea of a “great reset,” it’s a sham and a cope by a global elite that has no plan.

Only company that is actually doing anything is SpaceX. I Don't know what the fuck is going on with blue origin and virgin galcatic. They have the simplest tech to build yet they still havent done shit in like a decade. I mean seriously, fucking Bezos, how hard is it to make a rocket that goes u p and down?! Musk managed to accomplish that while being able to launch a payload to fucking mars.

>>27697153
>>27697247
Gotta think less linearly. What are they mining at the moment? What is the foundation of the global economy?

>>27695913
it's way too early for this shit, runs on hype much like the space we are in

>>27697153
Iron ore would also become cheaper. The asteroid belt is filled with multiple Earth's worth of raw materials

>>27695913
for there to be commercial space travel there has to be something to travel to in space in the first place, like a moon hotel or something

>>27697321
The foundation of the global economy is fiat currency and central banking, as it has been since 1913. That will eventually change as more currency options present themselves.

>>27697321
>What is the foundation of the global economy?
Wars for kikes

>>27697460
You're not thinking deep enough, anon.

>>27697485
Closer, but not quite there. What are they FEEDING on?

>>27695913
virgin galactic is a joke compared to the other two, seriously low orbit flights for 90 minutes vs real space travel, lol branson is such a joke. even blue origin is pretty shit compared to spacex but at least bezos will have more time since stepping down from amazon to chariman

>>27697396
The goal is to build megastructures in space that wouldn't be possible without zero-G, using all raw materials from asteroids.

>>27697373
Platinum is actually a very useful industrial medal, it just cost a fuck load, crack heads cut the Catalytic converters off of cars because they are full of Platinum and can be scrapped for like $400.

>>27696659
Kek 150k an oz, maybe in the year 2500

>>27697321
warpstone? that's all that the secret orders crave for
>>27697373
the best part is outsourcing all mining and manufacturing to automated factories in the asteroid belts where all manufacturing could feasibly come much cheaper due to better working conditions in space for machines, better jump on stratasys while they are still earthbound

>>27697290

They're just targeting reddit investors like Elon. Buy some big facilities and hangars and shit then watch the money roll in

>>27695913
Yes, ofc

>>27697512
foreskins?

>>27697590
catalytics converters are the real moonshot, the floor is the cost of a sawsall

>>27697655
>slow and steady wins the race

Wanna know how retarded space travel is as a potential industry, play elite dangerous and see how fast you have to travel to get anywhere in a reasonable amount of time

>>27696659
>gold is always what has driven us to the frontier
No idiot.
WARS, WARS are what driving us.
Engineering developed for wars.

>>27697674
>better jump on stratasys while they are still earthbound
Tell me more.

>>27697796
It's a dangerous game, cops will catch on real quick and set up a sting on craigslist, friend of mine got hit with a $10,000 fine for dismantling cars without a license, when he was buying wrecked STi's and EVO's out of the auctions and striping the good parts off of them.

>>27697934
yep this is what every nation free of a central bank really fears, this is what makes the USD the world currency.

>>27698102
The USD is the world currency simply because every other country decided to use it. It's not because of our military, but rather because of the dearth of options available to people around the world trying to save their money. The USD is the reserve currency because people in Asia and South America have horrible governments and central banks that are even worse than the Fed

>>27697943
>stratasys
>3D printing company
>makes technically impressive products
>200% growth this year alone
once resource extraction is possible in space, the best cost savings will take place from outsourcing automated production to space, now preferably i'd be looking for controlled self-replicating machines that can be set up at a tiny cost on earth, sent to space, build themselves in space using raw materials, and begin real work... for now stratysys is all i see though

>>27698102
imagine a nuclear torpedo sailing in there haha

>>27698499
This is a photo op, they don't sail this close when they are actually deployed because of this reason, also do the Russians have nuclear torpedo's?

>>27698404
why not the pound sterling or the euro?

>oh fuck have you see the price of the pound lately vs USD, ouch.

>>27695913
Big eye sees what you can't, he's right on the money

>>27698499
damn!

>>27698805
Partly because the Pound only provides access to the UK market, which has high taxes and prices. The Dollar provides access to the U.S. market which is low-tax and much larger, with more choices of purchase.

>>27695913
no, you fucking tard.
There are more minerals, metals and hydrocarbons in a single asteroid than our entire fucking reserves.

an asteroid the size of your mom could feed/clothe/power us for decades/centuries.

>>27696097
meds

>>27698729
russia is full of radioactive pedos

>>27698003
>dismantling cars without a license
the fuck? is this some European thing?

>>27697060
it’s supposed to be insanely high, the world economy has grown a lot faster than the gold supply, mainly because (((they))) have pushed gold to the side
>>27697247
it clearly did not, fiat did
China and Russia are buying gold with open hands and almost all central banks still hold gold
it’s just that they want their own currency to be money, not gold
>>27697655
I suggest you read the federal reserve act and do some thinking
you guys are always talking about the dollar failing but seem to have very little knowledge about it
the dollar won’t fail, what will fail is the federal reserve system and when it fails everything on its balance sheet (all the treasury’s gold), which is held as a lien against physical reserve notes (cash) will be used to collateralize the dollar, ie the dollar will be backed by gold again
please note that only PHYSICAL notes have a lien against them and digital dollars at the bank are worthless
there only exists $2.04 trillion in physical notes, fully collateralized it would currently sit at $7,800 per ounce of gold ($2t to cover 8 tons of gold)
however total amount of dollars in world circulation is $80t, meaning there will be a 97% dollar-deflationary event
bringing gold prices to $310,000 an ounce in 2020 pp adjusted dollars

>>27699075
>$
>craigslist
>europe

you're retarded aren't you?

Yes.
Behind the sarcasm and attitude, thunderf00t is spot on with everything he says about this, Elon, etc:
https://youtu.be/ENBn-W3uPXQ

>>27695913
gr8 b8 m8 6.5/8

>>27699094
The point is that gold failed to stop fiat or do anything whatsoever to hinder it. Clearly gold was not up to the task. Perhaps cryptocurrencies will be.

>>27699075
Nope

https://www.oregon.gov/odot/DMV/pages/dealers/dismantlerbecome.aspx

>>27697934
>>27698102
>war invented ships therefore the gold rush into California, Australia and Africa was worthless
gold is how you establish a permanent commercial presence

>>27699255
yeah, sitting in your basement, “mining” BTC on a graphics card and masturbating to hentai does not a civilization make

>>27699094
He meant to say gold-backed currencies failed and he's correct. You're a fucking retard, though.

>>27699178
That guy seems like an idiot.
>ermagerd the rockets burn fossil fuels!!!!1 That's bad!!!
What a faggot

Asteroid mining is going to freekin huge. Granted its still some years out. But the starship is predicted to cost 2M per launch, carrying 150T to low earth orbit. Thats like a magnitude cheaper than current rockets.

Mine water from near earth asteroids and split it using solar power to create rocket fuel for in-orbit refueling is going to be the first industry. Then follows power sattelites (its always high noon in space and you have infinite space), and could enable huge O'neill cylinder for power-hungry heavy industries etc.

Its all just starting but I believe we will see a lot in our life time, as soon as economies of scale kick in with lowered launch costs like they already have (e.g. starlink) the rush to monetize available space-based resources is going to be huge.

>>27699557
>gold-backed currencies
they have failed a thousand times and yet they always come back

>>27697060
Water costs ~$80K per gallon to launch into space. Whoever can figure out how to harvest / process / store / distribute water from ice in asteroids will make Trillions. Hint, it’ll be Dogeman.

>>27699605
>2M per launch
>(aspirational)

>>27699413
Distributed systems are the future anon. You don't see that?

>>27699351
by that logic, most the gold comes from Africa, why are they so poor still?

>>27699413
>“mining” BTC on a graphics card and masturbating to hentai
wake up retard, it’s 2021 not 2011

>>27700009
I wish I could go back.

>>27699902
distributed systems either
a. distributed hash rate production (semiconductor fabs) or
b. honest hash rate producers
China and Taiwan (Taiwan = China) own almost all semiconductor fabs on the planet and the commies aren’t very honest

>>27700072
hoooh yeesss
prease cpu safu
no backoow

>>27699983
what the fuck are you on about?
I haven’t said anything about Africa being rich only that we went there to get gold and get gold we did

>>27700009
my point here is that “mining” bitcoin doesn’t actually get you anywhere, it just consumes a shit ton of power
at least with gold you have to go out into the universe and physically fetch it
no one will mine asteroids because there is liter nothing on them that makes it commercially viable
if gold goes to the moon it will be viable

>>27697321
Oil

>>27697321
>>27697674
>>27697763
Desire, Anons. It's desire.

>>27700072
>distributed systems REQUIRE either
fuck I’m at work and phone posting sucks

>>27699094
what lien? the federal reserve notes are backed by DEBT

>>27700313
They don’t mine desire

>>27700072
Semiconductors are the new most valuable resource, which is why the U.S. has removed all aircraft carriers from the middle east and sent them to the South China Sea.

>>27698493
Thanks, sounds interesting. Are they aiming for space or is this just your assessment?
>>27699794
>Hint, it’ll be Dogeman.
Who? I assume you mean musk?
But yeah, that’s what I was trying to say: water mining for in—space use is gonna be the first big thing. Everything else will build on that

>>27700380
read the federal reserve act
>” The Board of Governors of the Federal Reserve System shall have the right, acting through the Federal Reserve agent, to grant in whole or in part, or to reject entirely the application of any Federal Reserve bank for Federal Reserve notes; but to the extent that such application may be granted the Board of Governors of the Federal Reserve System shall, through its local Federal Reserve agent, supply Federal Reserve notes to the banks so applying, and such bank shall be charged with the amount of the notes issued to it and shall pay such rate of interest as may be established by the Board of Governors of the Federal Reserve System on only that amount of such notes which equals the total amount of its outstanding Federal Reserve notes less the amount of gold certificates held by the Federal Reserve agent as collateral security. Federal Reserve notes issued to any such bank shall, upon delivery, together with such notes of such Federal Reserve bank as may be issued under section 18 of this Act upon security of United States 2 per centum Government bonds, become a first and paramount lien on all the assets of such bank.”
>https://www.federalreserve.gov/aboutthefed/section16.htm

>>27700761
He's right, all fiat money is created out of debt. The Mandrake Mechanism. The U.S. government borrows money from the Fed, and then the Fed uses those treasury bonds as "assets" from which it can print another 9x the value as fiat. This mechanism makes it impossible for the government to ever get out of debt, because if it paid off all of its debt, then the money supply would go to 0. It's hard to understand but it's the truth.
https://debt-elimination.net/mandrake-mmechanism-explained

>>27700731
they're not aiming for space but it's a good start, i'm really looking companies working self-replicating stuff but in general it's really only in the research stages at the moment and doing simple things currently

Bump for one of the few interesting threads on here.

>>27701176
wrong
digital dollars are backed by nothing but debt, but what happens if the principal becomes worthless? then the debt becomes worthless
physical notes are backed by the feds balance sheet and are thus not worthless
one fed note could theoretically pay off all the digital dollar debt in the world

>>27696123
Cool idea but it looks incredibly overbuilt for a planetary body that has 1/6 the gravity

First steps into space exploration are water harvesting and zero-g manufacturing

>>27695913
I’ve been beginning to speculate that the space companies are exaggerating their success for money recently, yeah.
But long term it’s a very smart move for the USA.

Are there any materials in asteroids that aren’t on earth?

>>27703864
Absolutely. There are materials that meteorites bring to Earth that have never been seen before.

>>27695913
space is fake and gay. these dudes are probably just trying to figure out how to break through the dome. We already tried nuking it theres no way out.

>>27695913
when you realize that the size of our own Milky Way Galaxy is 100,000 Lightyears across. knowing that, its literally impossible to leave our own galaxy with propulsion technology. even if we travel 100x light speed it would take 100 years to travel just across our own galaxy. not to mention that within the Virgo Supercluster, houses 100 more galaxies just as big as the milky way just to still be a drop in the ocean compared to the grandness of the entire universe. To think that were ever gonna get anywhere or discover anything within our own galaxy just with rocket propulsion is retarded. though we still should try and explore outer space, the only true feasible way of doing it would be with multi dimensional portal technology. which i am more than happy to throw money to.

>>27704105
back to qanon with you

>>27695913
Depends if extra-terrestrial mining is proven to be lucrative

africa is the great filter and elon knows this

Yes. Tesla is incredibly overvalued and will be cited in finance history books when we look back at the depression that unfolds in this decade - much like radio stocks from 1920s.

It's an impossible pipedream for the technology we have today, yes. If we can come up with significantly cheaper ways to launch/land then it might be possible, but we're basically talking nuclear fusion.

>>27704126
qanon believers believe in the globe

>>27698404
its because petrodollars retard

>>27704121
lol why you thinking about the problems of going intergalatic when we haven't even put humans on another planet in our own solarsystem.
And with projects like breakthrough starshot (shooting humonguos lasers at microsatellites), at least the stars in our local neighbourhood of say 100 lightyears can be explored at significant portions of lightspeed.

It's not a pipe dream. It's happening.

>>27704015
>There are materials that meteorites bring to Earth that have never been seen before.
Yeah, no.
Stuff that's rare on earth? Sure. Chondrites and Fe-meteorites have a quite unique mineralogy, but in the end, they're just your most basic ass rocks there are. And they can probably contain way more trace elements (like gold) than you'd get on earth, but you won't find new elements or stuff on them.

>>27695913
All it takes is one dude like musk that doublesdown on that shit. Look how fucking far we have come in the last 50 years. From big fucking computers to a man on the moon to a supercomputer in your palm. The fucking LEAP we made. Next 50 years will be even more chaotic. Fuck at least we saw the good internet before it went to shit and the birth of crypto. It's probably the only thing that our generations get to experience.

>>27695913
>>27695913
>Are we all in agreement that commercial/industrial space travel is an impossible pipe dream and scam targeting reddit investors?

YES. Somone needed to say it. These dipshits lump you in with flat earthers when you talk like this but really its just common sense and theyre being scammed. There will never be hotels on the moon or a colony on mars. It's a way to make wealthy liberals feel special

>>27706759
Not new elements, but new materials. Composites of different elements.

>>27707024
There's currently a space station circling the earth with people living on it though

>>27697934
And what do you think the main driving force behind most wars really is? Religion? Culture? Ideology?

>>27707878
Yeah thats a bit easier to have sometihing drifting in low earth orbit than living on the moon or mars tho

>>27695913
>t. seething communist loving leftist
you'll never be a woman

>>27695913
If you were a billionaire, what else would you waste your money on? If they are successful, in 100 years our robotic overlords will look at them as almost functional.

>>27708064
nothing you're saying makes sense ancap retard

>>27695913
braindead

>>27695913
fuck off doomer

>>27707024
>It's a way to make wealthy liberals feel special
>>27708064
>>t. seething communist loving leftist
Lol. So, according to 4chan, space industry is both, lefty cucks and evil nazis.

>>27708049
Agreed, but imagine a massive space station the size of a U.S. state. That's possible. Settling on Mars would be a non-starter in my opinion because it has no magnetosphere, so terraforming is out of the question. Probably better off trying to colonize one of Jupiter's moons.

>>27709685
by the time we can properly terraform planets it will probably possible to get habitats going which can fit millions of people on for a tiny fraction of the resources present on a planet
better to stripmine planets and assemble habitats from them

Why does anyone want to do this anyway?
Love me earth
Not interested in leaving
Simple as

>>27712210
Kek

>space travel
travel to where exactly? space is a boring dead empty vacuum

>>27695913
low Earth Orbit business + asteroid mining is real. Everything else is bs

>>27698966
ok now do something

>>27695913
10 years ago as a NASA boomer fanboy you might have had a point. However, if you can't see the writing on the wall right now at the start of the roaring 20s space decade, you're just a blind retard.

>>27695913
Yes, and the same is true for EVs (pic related, energy density MJ/kg)

Anti-space is codeword for anti-white.

>>27702718
your mom is overbuilt

>>27713598
I am,
I'm an engineer, asshole.

>>27702718
>hey guys i just got here from reddit and i've not seen iron sky

>>27695913
Christian cultists alert

Bump.
Anyone knows some space stocks.
?

>>27695913
We will land on Mars in 2026, buy $Tesla now

>>27718147
MAXR
SPCE

There has to be a real impetus. Right now it's just a novelty/curiosity thing. That doesn't drive real investment into this sphere. Either some kind of war or discovery of an incredibly valuable and attainable mineral on Mars.

>>27718403
Already got spce but don’t know maxr.

>>27695913
No, you're legitimately retarded.

Commercial space is inevitable.The current factor that holds it back is cost/kg, The falcon 9, which costs 60M USD per launch which is still insanely cheap as compared to the industry average of about 70-120M USD.

Notable efforts of Space tourism, like actual ORBITAL tourism is SpaceX through the star ship program though regular flights of 3 per day with a cost of 2M USD per launch.

Short term wise (2-5 years)we have virgin galactic, maybe Blue origin if they decide to go public.

Right now it is best to invest in Satellite companies like the earth observation giant,MAXAR and Momentus space who does satellite transportation in ride share which will actually make a majority of the small satellite launch market, and recently, Astra and Firefly Aerospace, both small launch companies will be planning to IPO with the former going public in Q2.(It is under $HOL)

Astra: https://www.wsj.com/articles/rocket-startup-astra-space-poised-to-go-public-at-2-1-billion-valuation-11612265400

Momentus: https://www.cnbc.com/2020/10/07/momentus-the-latest-space-stock-mnts-through-spac-deal.html
if you want further discussion, head over to /sfg/ on /sci/

>>27697876
You don't have to travel to different planets, you just have to lasso the shit that flies by earth.

>>27695987
No one wants to go to mars other than for the novelty. We could more easily fix the earth than fix some other planet

>>27716142

I disagree but heres a relevant webm

>>27695913
Astronauts are already going up in Falcon rockets because it's way cheaper, soon commercial space will be the only space.

>>27722302
oh? like we fixed africa with all the aid spent on that shit hole?

>>27724727
Look at that... they are terraforming