points by foobiekr 3 days ago | 0 comments
Rocketry revenue is so small that it can’t sustain even a tiny fraction of their valuation which is entirely ridiculous.
[–] elictronic 3 days ago
[–] myphpgothacked 3 days ago
They could return $0.0001 per year with dividends lol
I think you'd be better off with 10 year bond yields in France than SpaceX.
Laugh emojis only.
[–] spiderice 3 days ago
Isn't that entirely because investors are betting on on Musk succeeding though? Lunar base / Mars colony / hundreds of daily starship launches is the long game. It's no different than Anthropics entire valuation being based on ASI. If they never achieve ASI, 2 trillion is the most insane valuation of all time. If they achieve it, 2 trillion will be your worst missed opportunity of all time.
[–] foobiekr 2 days ago
Mars is a distraction and a fantasy. Elon has mostly shut up about it after having missed all his dates and realizing nobody cares.
These companies have the benefit of a real product at least, but eventually the rubes get fleeced.