alt Hacker NewsSpaceX needs to claim there’s a need for 100k more satellites to prop up unreasonable valuations. This is no different than Elon claiming Tesla owners would be renting out their cars as FSD taxis while at work (next year, we swear guys!!!)
In a functioning economy he’d have faced criminal charges for knowingly misleading investors and customers about a dozen times over by now. It’s one thing to set lofty goals internally to keep your workforce motivated and innovative. It’s something else entirely to state things publicly with a targeted date when you know there’s absolutely no chance it will ever happen.
I believe he said Teslas are meant to appreciate in value too because you get income from renting them out when you're not using your car. They'll just drive around and work as a taxi while you're not using it.
He's more sci-fi author than CEO at this point.