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SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortune (fortune.com)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 1 point 4 months ago (4 children)

yeah, and they've made billions off of it.

at this rate, it'll only take a century or two to scratch the dent on the enormous costs!

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  • [–] 2 points 4 months ago (3 children)

    have you actually looked at the numbers of cost and revenue, or are you just talking out of your ass?

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  • [–] 2 points 4 months ago (2 children)

    reuters: SpaceX generated about $8 billion in profit on $15 billion to $16 billion of revenue last year

    https://www.reuters.com/business/finance/spacex-generated-about-8-billion-profit-last-year-ahead-ipo-sources-say-2026-01-30/

    SpaceX's annual capital expenditures quintupled in two years, hitting $20.7 billion in 2025, fueled by simultaneous Starship launch infrastructure and AI data center buildouts.

    https://finance.yahoo.com/sectors/technology/articles/eye-watering-sum-spacex-spent-124427519.html

    but that debt # includes stopgap loans before the IPO

    https://money.usnews.com/investing/news/articles/2026-04-23/exclusive-spacex-refinanced-debt-with-stopgap-20-billion-loan-before-ipo-filing

    costs will only go up from here, so by all means, give musko some of your money. what could go wrong?

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  • [–] 2 points 4 months ago* (1 child)

    lol i'm not giving them money, how stupid would i be. the IPO is completely overvalued

    i'm just saying, somehow they managed to make a spaceflight company profitable on its own (excluding political subsidies), which i believe is rare actually. boeing etc just do it because they get funding from NASA. i think it is fascinating how much money can be made with satellite internet.

    anyways, i don't like musk at all. we need more competition from europe and asia.

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