Comment by infinitewars
4 days ago
Sorry to burst your bubble but SpaceX is Raytheon now. You should look at what they're doing with Starshield, SDA, Golden Dome, NRO, etc. The commercial stuff was small potato stepping stones made more palatable to engineers, but the pivot has already occured.
To be clear, I have great respect for military work. I used to work at a defense contractor. But in terms of building a career, it's a heavily regulated industry with little room for growth. SpaceX is doing defense work, but it has not pivoted to being merely a defense contractor. SpaceX's valuation is triple that of Raytheon and Lockheed put together. The market expects it to continue pushing forward on commercial space.
No, the market does not expect Musk to be mining Mars or selling Moon motels...
It expects Musk's connection with JD Vance and SDI insiders will give them the bulk of the $2-$4 trillion GD contract.
What’s your basis for saying that? It makes no sense. Even if Golden Dome was a trillion dollars, which it isn’t, that wouldn’t support a $1 trillion valuation. Defense contractors average around 10% profit. Raytheon got $24 billion in government contracts in 2023. Its revenue is about $90 billion, and its valuation is $277 billion.
Funding for Golden Dome was $24 billion in 2025 and 13 billion in 2026. Even if SpaceX got all that money, it wouldn’t move the needle on SpaceX’s valuation.
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