Comment by riffraff
16 hours ago
You do realize SpaceX valuation is completely detached from the space business at this point?
Their S1 cites (by memory) a 370B addressable market for space stuff and a 27 trillion for AI.
And for AI they counted all Twitter accounts as grok users.
The Spaces eXploration company was a cool company, but it's not what's being sold to the market now.
Closer to 1.7 trillion for space. You’re quoting launch but discounting satellites and broadband.
The AI stuff is dumb and just subsidize Elons prior dumber investments.