why ADO is a multi multi bagger, page-2899

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    I lifted this from FB because the last two paragraphs struck a cord. Just replace Boeing with Mercedes or any of the Euro ev manufacturers.


    Why is Boeing, a seasoned aerospace giant, struggling with space exploration while SpaceX, a relative newcomer, is soaring to success? ️

    Boeing, with its rich history in aerospace, has been a leader for decades. However, this long legacy also brings challenges. Boeing is often tied to older, more rigid systems, and faces layers of bureaucracy that can slow down innovation. ️ Their reliance on established practices and government contracts can make it harder to pivot quickly or adopt cutting-edge technologies.

    On the flip side, SpaceX, founded by Elon Musk in 2002, had the advantage of starting with a clean slate. They embraced a culture of innovation from day one, focusing on agility, rapid prototyping, and learning from failures. Their ambitious goals—like reusable rockets—pushed them to constantly innovate. Plus, being privately funded, SpaceX had the flexibility to take risks that traditional companies like Boeing might shy away from.

    Moreover, SpaceX’s hands-on approach, with engineers working closely on the factory floor, has enabled them to iterate and improve their designs quickly. This lean approach, combined with a clear vision of lowering space travel costs, has allowed SpaceX to outpace more established players.

    In short, Boeing’s struggles reflect the challenges of adapting a legacy company to a rapidly changing industry, while SpaceX’s success is driven by a modern, innovative, and risk-tolerant approach. It’s a fascinating clash of the old guard versus the new wave in the race to the stars!

    Image Credit and Copyright: SpaceX
 
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