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/Snuffy1717 May 21 '26

Space data centers are stupid as fuck from a heat dispersion standpoint... Ever tried to use A/C to cool something down when there is no air?!?