Is SpaceX really worth $1.75 Trillion?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is beyond me why investors continue to pay up for Elon’s undeliverables.

What exactly is he not delivering on?

One of many:

https://en.wikipedia.org/wiki/DearMoon_project

So you're worried that some rich guy didn't get to go to the Moon? Pretty sure SpaceX will survive that.

Did I say I was worried? You asked for an example of what he is not delivering on.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Space X and Tesla are worth shit, but Elon is a genius at, specifically, getting massive federal government funding and hollowing out federal agencies to replace their competencies with his businesses and making himself indispensable.

He's a large tumor on the American system.

You got that right. SpaceX would be healthy if it was just the space business because they basically own the commercial launch market. Problem is Elon makes tons of money playing three card monte shell games amongst all his companies, which the IPO filing demonstrated. Elon needs SpaceX to take the risk for his Grok and xAI CSAM machine.

What's really sad is that we're all going to pay if SpaceX fails because its going to force itself into everyone's 401k and index funds. Not good!

Wow you’re clueless. Take a look at the IPO filing documents. SpaceX launch business is losing money. StarLink is the money maker.

[Anonymous]

Anonymous wrote:SpaceX controls 90% of launches. It basically has a monopoly. There cost to launch a Falcon 9 is probably $15 million but they charge $150 million. That is luxury market goods levels of profit.

A lot is riding on there newer bigger rockets.

No they don’t. Jeez a lot of misinformed MDS posters on this thread.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is beyond me why investors continue to pay up for Elon’s undeliverables.

What exactly is he not delivering on?

One of many:

https://en.wikipedia.org/wiki/DearMoon_project

So you're worried that some rich guy didn't get to go to the Moon? Pretty sure SpaceX will survive that.

Did I say I was worried? You asked for an example of what he is not delivering on.

If you want a few more, here you go:

https://mashable.com/article/elon-musk-failed-to-deliver-on-2025-promises

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is beyond me why investors continue to pay up for Elon’s undeliverables.

What exactly is he not delivering on?

He continually strings investors along with happy talk, sometimes pushing out promised deliverables by years. Meanwhile, competition catches up. No one believes that Tesla has any meaningful advantage in electric cars, so now Musk is pivoting. He’s now ramping talk on robots, but while he talks about the future, others are actually producing robots. His space stuff is at the mercy of federal government contracts, thus his insistence on installing his hand-picked guy as head of NASA. His AI is a piece of crap. Starlink might be the one gem, but, ironically, he doesn’t talk about it much. Basically, he hypes big projects with large addressable markets, but he produces stuff years late and at bad profit margins. The constant merging of his various companies is really a shell game — fold the losers into the winners. Everyone is already talking about how he’s going to fold Tesla into SpaceX.

You’re still not providing specifics just rhetoric. He delivered on PayPal as an early alternate, secure payment method between buyer and seller for EBay. Through Tesla, he was the first to bring EVs to mass market in America. Through SpaceX, he brought the cost to put objects in orbit down by over 90%. They have both govt and commercial customers. SpaceX also successfully removed our embarrassing reliance on Russia to transport humans into space/ISS after the retirement of the Space Shuttle. StarLink brought high speed internet to many underserved rural areas far from cell towers. SpaceX developed the most powerful rocket since the Saturn V and captures it for reuse on the landing pad via “chopsticks”. And how many high paying tax paying jobs did his companies create….hundreds of thousands. He fixed X so it wasn’t a liberal, woke, and free speech suppressing social media platform. What have you done in the last 20 years?

Just admit you have Musk Derangement Syndrome because you don’t like his politics and move on. I wish we had a million more entrepreneurs like him.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is beyond me why investors continue to pay up for Elon’s undeliverables.

What exactly is he not delivering on?

One of many:

https://en.wikipedia.org/wiki/DearMoon_project

So you're worried that some rich guy didn't get to go to the Moon? Pretty sure SpaceX will survive that.

Did I say I was worried? You asked for an example of what he is not delivering on.

LOL, your one example you provided was essentially a stunt. SpaceX business isn't based on flying billionaires to the Moon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It is beyond me why investors continue to pay up for Elon’s undeliverables.

What exactly is he not delivering on?

He continually strings investors along with happy talk, sometimes pushing out promised deliverables by years. Meanwhile, competition catches up. No one believes that Tesla has any meaningful advantage in electric cars, so now Musk is pivoting. He’s now ramping talk on robots, but while he talks about the future, others are actually producing robots. His space stuff is at the mercy of federal government contracts, thus his insistence on installing his hand-picked guy as head of NASA. His AI is a piece of crap. Starlink might be the one gem, but, ironically, he doesn’t talk about it much. Basically, he hypes big projects with large addressable markets, but he produces stuff years late and at bad profit margins. The constant merging of his various companies is really a shell game — fold the losers into the winners. Everyone is already talking about how he’s going to fold Tesla into SpaceX.

You’re still not providing specifics just rhetoric. He delivered on PayPal as an early alternate, secure payment method between buyer and seller for EBay. Through Tesla, he was the first to bring EVs to mass market in America. Through SpaceX, he brought the cost to put objects in orbit down by over 90%. They have both govt and commercial customers. SpaceX also successfully removed our embarrassing reliance on Russia to transport humans into space/ISS after the retirement of the Space Shuttle. StarLink brought high speed internet to many underserved rural areas far from cell towers. SpaceX developed the most powerful rocket since the Saturn V and captures it for reuse on the landing pad via “chopsticks”. And how many high paying tax paying jobs did his companies create….hundreds of thousands. He fixed X so it wasn’t a liberal, woke, and free speech suppressing social media platform. What have you done in the last 20 years?

Just admit you have Musk Derangement Syndrome because you don’t like his politics and move on. I wish we had a million more entrepreneurs like him.

No need to turn this political. Yes, Musk has delivered on some important stuff, but none of it is consistently profitable and a lot of it is dependent on government subsidy and contracts. Elon is not a good businessman. He is a visionary and salesman, but not a businessman. When his financials get scrutinized, he turns to more hope and dreams and mergers of his existing companies. Whatever the case, SpaceX is not worth $2 trillion today. Maybe someday, but after the required index buying, it will sell off dramatically, especially as insider lockups expire.

[Anonymous]

No need to turn this political. Yes, Musk has delivered on some important stuff, but none of it is consistently profitable and a lot of it is dependent on government subsidy and contracts. Elon is not a good businessman. He is a visionary and salesman, but not a businessman. When his financials get scrutinized, he turns to more hope and dreams and mergers of his existing companies. Whatever the case, SpaceX is not worth $2 trillion today. Maybe someday, but after the required index buying, it will sell off dramatically, especially as insider lockups expire.

Other S&P 500 companies depend on government contracts and subsidies. For example, Boeing, Northrup Grumman, General Dynamics, L3 Harris Technologies, Booz Allen, Leidos Holdings, ACM, Jacobs Solutions, etc. Are you upset that your 401K or pension is invested in those? Are those CEOs bad businessmen as well?

[Anonymous]

Anonymous wrote:

No need to turn this political. Yes, Musk has delivered on some important stuff, but none of it is consistently profitable and a lot of it is dependent on government subsidy and contracts. Elon is not a good businessman. He is a visionary and salesman, but not a businessman. When his financials get scrutinized, he turns to more hope and dreams and mergers of his existing companies. Whatever the case, SpaceX is not worth $2 trillion today. Maybe someday, but after the required index buying, it will sell off dramatically, especially as insider lockups expire.

Other S&P 500 companies depend on government contracts and subsidies. For example, Boeing, Northrup Grumman, General Dynamics, L3 Harris Technologies, Booz Allen, Leidos Holdings, ACM, Jacobs Solutions, etc. Are you upset that your 401K or pension is invested in those? Are those CEOs bad businessmen as well?

Look, you can keep missing the point all you want, but SpaceX and the rest of Musk’s companies make much less profit than his hype machine would have people believe. That’s not derangement, but fact.

[Anonymous]

Just finished watching WeCrash on about WeWork.
Good times!

[Anonymous]

Anonymous wrote:


Other S&P 500 companies depend on government contracts and subsidies. For example, Boeing, Northrup Grumman, General Dynamics, L3 Harris Technologies, Booz Allen, Leidos Holdings, ACM, Jacobs Solutions, etc. Are you upset that your 401K or pension is invested in those? Are those CEOs bad businessmen as well?


Look, you can keep missing the point all you want, but SpaceX and the rest of Musk’s companies make much less profit than his hype machine would have people believe. That’s not derangement, but fact.

Amazing how he got this far, isn't it? For a guy on the spectrum, he sure has a lot of business acumen.

[Anonymous]

The Original SpaceX was an excellent business, especially starlink. This new entity which now has the X social media platform and xAI is very different.

X had revenue of 5.2B in 2021 and 2.9B in 2025.He estimated 70M subscribers by 2025, actual figure is about 1.5M. The user base has been stagnant. It carries 12B in debt, and has 1B in interest payments a year. It’s a disaster on all metrics.

xAI like all AI companies, except Anthropic, is burning cash. It is clearly not the leader in the AI race, which may turn out to be a huge market….or not….but this is where the market value is coming from (not space or social media). It’s probably in 4th place right now, maybe 5th, but there is hope. The market value is a purely speculative play on AI in general and xAI in particular also being able to move into at least the top 2 or 3 winners.

[Anonymous]

There is so much misinformation here. You don’t like him or want to invest, that’s fine but that doesn’t mean others won’t. Naysayers didn’t recommend buying Apple, Microsoft, Tesla, Google either but ones who did, their investment multiplied many folds.

As it’s going to be part of everyone’s investment or retirement portfolio, most are buying without knowing.

[Anonymous]

He is just lucky to be in right business at right time. Space, internet, AI, EVs etc are where boom is happening.

[Anonymous]

I am going to sit out on this one. I am open minded, but I just can't understand how 1.75t valuation is justified. This almost feels like crypto to me.