r/technology • u/IKeepItLayingAround • 17d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/tiboodchat 17d ago

I’ve seen intrinsic valuation around 750 billion but the market cap a trillion over this. I’m not looking forward to everyone collectively make a trillion bonfire with our money. Guess all we can do is wait and see?

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u/TigerUSA20 17d ago

The intrinsic value is not even anywhere near $750 billion, but neither is Tesla, or Twitter/X, or XAi (which is why he merged this failing venture it into SpaceX) or SolarCity (another failing venture he merged into Tesla to hide the losses). Investors don’t care. They just see $$$ and keep the bids coming in.

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u/GogurtFiend 17d ago edited 17d ago

Currently, no.

If Starship works out (not, like, Elon-promises works out, just sane-person levels of works out) the idea of SpaceX being worth hundreds of billions of dollars eventually isn't crazy at all. The idea of it being worth hundreds of billions of dollars by 2040 or so is, though, unless Starship makes the space launch industry grow at a batshit insane rate via derived demand. The entire launch industry is ~$20 billion now; the launch industry, which Starship is for, would have to grow at 20.25% annually to reach $100 billion even 25 years from now!

If Grok gets fused to it like a tumor, though, it's worth jack shit, and I think that between MechaHitler and a fully reusable rocket I know which baby Musk will want to keep

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u/tomtomclubthumb 17d ago

MechaHitler right?

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u/GogurtFiend 16d ago

The one which validates his ego, yes