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Aidan Donnelly

👤 Speaker
475 total appearances

Appearances Over Time

Podcast Appearances

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

The company and he can't be sued by any shareholders, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

He can't be second guessed by shareholders.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

So you can't have a proxy where an activist shareholder comes in and says, I don't like the way you're running this business.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

I'm going to try to look for change at the board.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

he's going to appoint 51% of the board directors or more, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

So he isn't going to pick people that he doesn't like, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

So when you look at all of that, you're pretty much saying to yourself, I'm basically trusting him to do what's right, okay?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

And even if I think he's done something wrong, I can't do anything about it.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

Right.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

And that's that's the reality of it.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

Now, what's interesting about this is a year ago, he wouldn't have been allowed to do that.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

Right.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

The SEC in the US have changed the rules a year ago to allow structures like this where you can't be sued, where you can't be second guessed when all of these types of things coming through.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

And the big question, ultimately, I think for a lot of institutions like.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

As I sit here, right, I'm never going to have control to be able to go in and muscle in and own an amount of it.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

But if you're a very large shareholder in any company, whether you want to exercise that right or not, you have that right to be able to go and look for change at the board and things like that.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

you're not going to have it here, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

Then you talk about the valuation, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

And as you said, 1.75 trillion, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

As we said a second ago, it is generating about, you know, 18, 19 million of revenue.