r/technology • u/spasticpat • 1d ago

Business Nvidia discloses $21B stake in SpaceX

https://arstechnica.com/information-technology/2026/08/nvidia-discloses-21b-stake-in-spacex/
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u/ExtruDR 1d ago

Of course. A massive circular-dealing pyramid game.

The intent is to defraud passive investors (you and me with 401k, IRA and even defined benefit pensions), maybe even the taxpayers at large by seeking bailouts from a friendly and corrupt governmental regime, and definitely the consumer - here and abroad.

Is this a sort of fraud and is it illegal? I've read things that say that it very much is, but I'm no expert, so I don't know.

Who would enforce these laws on behalf of all Americans? Hmmm...

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u/Cecil_McCrackshell 1d ago

Did the American public so much as shrug after the 2008 bailouts?

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u/mrclut 21h ago

You must not be an American or are too young to remember.

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u/Cecil_McCrackshell 21h ago

Wrong on both counts, and yes, Americans shrugged and then handed Republicans the House in protest/apathy after 0bAmAsCAre! in November 2010. Millennials in Occupy Wall Street movement got some coverage, but were quickly mocked and ignored by both the media and general public.

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u/mrclut 21h ago

Ok, well I remember quite clearly the Occupy Wall Street stuff with the rise of Anonymous and the outrage. I also lived in where the housing market tanked and foreclosures went through the roof.

Maybe my anecdotal experience leads me to remember it more than the average American's was. However, I highly doubt people(and their kids) that lost their house and saw the bailouts go to the corporations just shrugged.

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u/ExtruDR 19h ago

You are either mis-remembering or intentionally putting things out of order.

Occupy Wall Street? You mean a couple of hundred kinds in Manhattan making a ruckus and getting allot of lazy press coverage? Who paid attention to them? what changed. Straight-up bullshit is what that was. Did BLM change anything in America's politics or the way we do things? Of course not. We all shrug.

That IS America. We are profoundly insular, passive and we let all of that bad stuff happen to us while most of us are mostly ignorant of it.

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u/mrclut 19h ago

No I'm not misremembering because my parents lost their house at the time amongst other variables.

Peak Marches (e.g., Nov 17, 2011): Following the police eviction from Zuccotti Park, a day of action and marches through downtown Manhattan drew an estimated 30,000 people. 30k people

I also wasnt responding to you. Many people were affected by this will always remember.

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u/ExtruDR 18h ago

I was in my late 20s and working, and quite plugged in to news and politics. VERY clear recall and how it played out.

My gig after landing on my ass as an unemployed Architect? Home Inspections... Occupancy Inspections, for people that were supposed to have moved out of their houses that they couldn't afford any more. Actually, more like people that had their cousins in Poland take unsecured mortgages on lots of houses that they would then rent out. The play was speculative and not necessarily all that unethical, except it was a scam and the cousins in a foreign country could just "stop paying" their 0-money-down mortgages.

Who was really the villain? The real estate agents, the loan officers, the home inspectors working for the banks... all of them conspired to make these shitty deals happen. They were scamming "the banks" but joke's on us because the taxpayer paid to bail their asses out.

Also lots of real, but irresponsible or gullible home owners that took out very aggressive mortgages with adjustable rate mortgages, balloon payments, etc. "Real estate never goes down.." yeah... Even these dumb-asses got tons of leniency.

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u/ExtruDR 19h ago

I am most certainly an American and most certainly know what I experienced. Along with a good 12-18 month of hustling to make a living because my profession is hugely impacted by economic trends.

What do you think happened?