Reply to Is SpaceX really worth $1.75 Trillion?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is beyond me why investors continue to pay up for Elon’s undeliverables. [/quote]

What exactly is he not delivering on?[/quote]

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. [/quote]

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. [/quote]

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. [/quote]

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