The ability to attract top talent increases a company's value.
I went right into aerospace manufacturing (satellites) after college. It was a super-cool field to be in. Working at Space-X as a young engineer would be the absolute best.
Why do smart engineers want to go work for companies that WILL go bankrupt in the near future?
They want to be laid off?
Heard it from a friend that young engineers working for aerospace & defense contractors doing vault work are quitting because they can’t bring their phones into the secure areas.
What a difference the Internet makes in young graduates understanding the world opening up before them!
When I graduated as an ME in 1969, your hiring options were pretty much limited to companies recruiting on campus. You set up an interview; did some research on the company in the library; maybe did some practice interviews; and had the interview. These were serious interviews, often by the hiring manager. But your resources to learn about the company and markets were really limited.
If you were good, you got invited to visit a few companies for more interviews and tours. You received offers from one to three companies. It was a tried and true method used for decades. Few of us thought about the “ideal” company to work for because such surveys simply weren’t conducted and nobody pushed that idea at mid-level state schools.
I’m sure it was a lot different at MIT, CalTech, Carnegie Mellon, etc back then.
Today, there’s so much global, always-current information available that searching for an employer is a whole new ball game.
I’d be concerned about job security.
I hope Elon succeeds.
Pork? Yes, he has depended on government largesse.
At least HIS projects have a pay off, have some hope of taking off.
I wear my SpaceX baseball cap when I mow the yard.
As a pretty qualified engineer and contractor, I worked for his two little cousins there at solar city in the very beginning 06. Having been in the solar game since 90.
that was not very engineerin of mind the company it was really more about building up a big show for the public and then just making money that way
I told Them several times that we needed to re-wire facilities because there were fire traps and hazards and they didnt want to listen to me they only wanted to try to tell people solar panels
That and put panels under redwood trees and drop giant shipments jn customers yard for weeks and other stupid things that could contractors dont do
I noticed that they lost $125, million a quarter for the last six months or so of their existence before they finally went under a couple years ago
Now his rocket game , Elin that is , ihis rocket game is pretty substantial - space X
A private contractor who competes with NASA - that is impressive
The car thing, the Tesla is obviously very popular , but you can never get me to drive an electric car- sorry
They are very good and fast sports cars though I have to admit
Enron attracted a lot of talent, too.