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-24 points

That sets a very bad precedent.

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32 points

Or a very good one. If it’s too big to fail, then it’s already a problem.

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-9 points

The government forcibly taking ownership of a business is a bad thing.

Just let the business fail.

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13 points

What if all the funding already comes from the government?

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3 points

And then it dominos into other things failing.

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3 points

So if your ISP goes under and it’s the only option in your area you’d rather be without internet than have a nationalized internet, even if the government is not allowed to snoop your data?

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20 points

that precedent already exists.

For example, the Chattanooga and Tennessee Electric Power Company was nationalized into the TVA; As well as the rail roads and financial industries have a revolving door of nationalization-an-de-nationalization.

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7 points

Can you explain why?

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8 points

Something something competition something invisible hand?

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11 points

Just to head that off, SpaceX doesn’t have competition at this point. ULA can’t match the Falcon rockets, and Boeing has their fingers in that pie. Blue Origin is staring at a corner and appears to be wanking itself. Virgin Galactic is only interested in space tourism. There’s a bunch of little companies trying to get past the R&D stage, but nobody substantial. NASA’s own rockets are an expensive boondoggle because Congress can’t shut up and let them do their job.

SpaceX is it. Nationalizing the company would not only get rid of the company’s biggest problem (the meatsack ego at its top), but would also do an end run around Congress treating NASA as a jobs program with pork in every state.

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-1 points

Because it opens the doors for the Republicans to start seizing businesses they don’t like.

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3 points

Everyone has already told you it’s not a precedent but I should also note the eminent domain literally only requires the US to pay a fair market price, not for them to not take it.

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