Summary
The FAA is reportedly set to cancel a $2.4 billion contract with Verizon to modernize air traffic control communications and instead award it to Elon Musk’s Starlink.
Musk has publicly criticized Verizon’s system as failing, though without evidence. SpaceX employees have been embedded within the FAA, and some now have agency email addresses.
The move raises concerns about favoritism and conflicts of interest, especially as Musk’s companies have received $38 billion in government funding.
The contract transfer has not followed standard procedures, prompting resistance from senior FAA officials.
Yep. Never flying again.
Time to start shorting US airline stocks
Aha! Trump uncovers corruption within DOGE itself!
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Whoosh…
Also, the org was corrupt on the face of it from the start, so there’s not much more to be added now.
Musk doesn’t care anymore if he tanks Tesla, as long as he’s getting government handouts.
He doesn’t need the shares to be sky high if he can get the board to give him his giant payout.
Tesla’s law firm drafts Delaware bill that could salvage Musk pay package
The proposed legislation, drafted by Richards, Layton & Finger, or RLF, would amend Delaware General Corporation Law, and if adopted, could pave the way for the reinstatement of Musk’s 2018 CEO pay package at Tesla, worth tens of billions of dollars in options.
Tesla’s shareholders might though.
Good. Then the shareholders can sue and make things more difficult for everyone involved.
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I’d have to buy shares before I could sell them.
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What if my shares lose value then?
Just buy the dip
Short Tesla, got it.
Sold all my Rocket Lab shares last week because of shit like this.
Some might think this is corruption, but I assure you, this was the best offer we could find, because all the others got lost somehow?
Sounds like a real lack of efficiency
Nonono, Musk has already helped us with that. We are saving hundreds of dollars on wages, and only very few planes have crashed.
It’s super efficient to lose the papers of all but one applicant. Really speeds up those decision times.
Um, I’d like to choose whatever the fuck might be behind door number 3. Even if it’s murder hornets. As long as they are the data transmission sort of murder hornets.
This is handing the button that controls your life over to elon… He had them strategically turn off Ukraine’s internet at a critical moment to benefit putin… What do you think he’s going to do when Jasmine Crockett’s plane in on final approach to land back in her district after having the “fuck off, elon” press conference?
Musk is a walking ethics violation.
Of course 🙄
An overhaul from the man who sells “full self driving”. What could possibly go wrong? 🙄
I hope Verizon sues Musk, Starlink, and the DOGE into oblivion. Even if they don’t have a chance of winning, they should be able to make it more difficult to do anything. Airlines should sue too due to the preventable crashes that occurred recently. In fact, I hope every company affected by DOGE’s policies sues.
They might not be able to get a fair trial, but they could potentially bog the system down in red tape.
Give ‘em Hell!
Hoisted by their own petard, it seems. I’m with you. I hope they fight, but they also helped create this situation (like many corporations).
https://www.opensecrets.org/orgs/verizon-communications/summary?id=D000000079
I don’t doubt it at all, but as the passage goes, “The enemy of my enemy is my friend”. Or as I like to say: baby steps.
Yeah, triangular politics. I’m on board. I regret that getting into this discussion any further will require reading from the works of Kissinger. Maybe this time we can fix the problem without bombing a fourth party like Cambodia. Who knows. All bets are of at this point.
Nah, the enemy of my enemy is the enemy of my enemy, nothing more, nothing less.
But as a great man once said, “Let them fight.”
I have no love for Verizon but using starlink is the definition of a conflict of interest. I mean so has everything else he’s been doing but this one is especially egregious.
I’m sure that will end well.
We call this a conflict of interest. Fuck Musk. Guess whose planes will never show up in flight logs so he, Trump, and all of Putin’s other stooges can fly around and make deals with no bother.
If the US does not accurately report flights, then the only solution is to cut it off from all international air travel. Any planes that would leave the US air space should be immediately forced to land or turn around by military aircraft in whichever airspace they enter.
I bet this is definitely a contributing factor to his actions. Hard to fly a drone into his engine if you don’t know which plane is his…
