Comment by arthurofbabylon
2 hours ago
It’s surprising just how low the revenue is for SpaceX. There are some 700+ companies with larger revenue figures, and yet just a small handful exceed SpaceX’s proposed valuation.
In 2026 one gets the impression that SpaceX is a huge company, among the largest in the world. It’s wild to see that its business volume is smaller than Northrop, smaller than Apple’s peripherals alone, smaller than Avnet (heard of ‘em?).
Uber had about $11B revenue when it went public
SpaceX is at $18.7B
Just to keep things in perspective, Uber IPO-ed for 82.4B. SpaceX is IPOing for over 10x more.
Plus Uber's only increased their revenue 11->14B in the last 5yrs. SpaceX has added +$4B since 2024 and have fanciful plans in multiple markets that only a gambler like Musk would risk proposing.