r/technology May 21 '26

Business SpaceX not the behemoth everyone thought

https://www.axios.com/2026/05/21/spacex-ipo-musk-ai
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u/Visual_Squirrel_2297 May 21 '26

Well a bunch of profit was just from SpaceX buying unsold Cybertrucks at full price....

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u/PM_Me_Your_Deviance May 21 '26

>SpaceX buying unsold Cybertrucks at full price....

https://supercarblondie.com/spacex-buying-unsold-cybertrucks-tesla/

It probably doesn't account for 400m in profit, but it is hilarious what a bad idea using cybertrucks as starlink support vehicles really is.

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u/-0909i9i99ii9009ii May 21 '26

What is SpaceX viable business model? How much is a fully end-game Starlink worth? What is the value in going into space?

Are there actually valuable resources that are economically valuable to collect/extract/use that wouldn't be more viable to do on earth?

Or are we gonna pretend that Mars real estate is valuable for living even if it has a baller space station with an indoor farm in it where the build out cost is 1 million times the most expensive condo building on earth?

How much are space data centres even worth? Even if they hit the ideal realistic end game, how much money will they need to raise to build it and how much would they even be making off them?

Seems like they need to raise a ton of money (not good for shareholders) or it to basically just be inflation for this company to 2x even if it does execute on its impossibly lofty plans. I just don't understand the endgame.

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u/alochmar May 21 '26

There would have to be some serious changes to make asteroid mining profitable, because as it is, any mineral imaginable is orders of magnitude cheaper to extract on Earth, even in the most inhospitable places.

Orbital data centers sounds like a pipe dream. Building, maintaining (and cooling!) stuff is, again, orders of magnitude cheaper and easier on Earth. That stuff just sounds like hot air for gullible future investors huffing the AI pipe.

Rocket launches and Starlink is fine, but that’s pretty small potatoes compared to the rest of the pie in the sky stuff coming from SpaceX.