Reply to Is SpaceX really worth $1.75 Trillion?

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Reply to "Is SpaceX really worth $1.75 Trillion?"

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[quote=Anonymous][quote=Anonymous][quote]No need to turn this political. Yes, Musk has delivered on some important stuff,[b] but none of it is consistently profitable and a lot of it is dependent on government subsidy and contracts.[/b] 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]

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?[/quote]

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. [/quote]

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