this post was submitted on 13 Jun 2026
447 points (98.3% liked)
me_irl
7922 readers
1080 users here now
All posts need to have the same title: me_irl it is allowed to use an emoji instead of the underscore _
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
No one in their right mind is investing in SpaceX. The business is hemorrhaging cash and the only part of it that is even remotely viable is StarLink.
And StarLink has some serious -- although currently unrealized --risks related to competition from fiber, which is and always will be technologically superior, and the increasing potential for a satellite to go crashing through someone's living room.
Aside from the satellites comment, people said / say the same thing about Tesla. If you invested in Tesla the day it went public in 2010 you'd be 400x+ richer today.
To be clear, I'm not suggesting you invest in Tesla or spaceX, but the most successful investors separate morals from money. Does that make them bad people? Yes it does, but many get rich doing it that way.
Apparently investors also separate money from money because tesla's valuation makes absolutely no sense from a money perspective either with a PE ratio of over 300.
What you're describing aren't investors, but gamblers benefiting from a rigged market.
There is no way to invest in SpaceX while separating morals from money. The only reason to invest in it is vibes - aka personal morals.
If you actually read their IPO documents, their assumed valuation is based on a comically large assumed customer market. In order to justify their IPO price, they assume that long term they will be getting about $30,000/year in revenue from 1 billion people. Take literally every person in the developed world. And then assume every single one of them is paying SpaceX $30k per year for some reason. That's literally, per SpaceX's own documents, what it would take to justify their IPO price. And the only way you're making a profit on that is if the price goes even higher.
In order to grow 400x, SpaceX would have a market cap of $800 trillion. Global GDP is only $130 trillion. The only way to think a SpaceX investment is a good idea is the greater fool theory.
Tesla wasn’t worth a trillion dollar though.
SpaceX at IPO is already one of the biggest companies around.
Sure it could become 400x but that would be far more likely if it was worth a few billion.
The ONLY upside to the rape of natural resources that is the current data center construction frenzy-
more rural fiber
If it was only about their space activities, then I could imagine investing in SpaceX.
But according the the documents they released before the IPO, space related activities represent only 7% of their valuation, 93% of their valuation of AI.
It does not make sense but apparently this is worth trillion.
Honestly, that is worse than I expected.
Well thank you,
Your comment killed any FOMO I had.