Comment by llm_nerd
17 days ago
SpaceX should rush to acquire as many companies as they can with stock. The market cap is absolute insanity (I know people keep saying this about new high scores in unrelated-to-reality valuations, but this one might just be the pinnacle), with zero rational basis, and they should try to make it real as rapidly as they can.
Next up, Anthropic.
Anthropic are already paying $15 b to space X for compute.
Buying depreciating nvidia hardware and renting it out to competitors isn't why SpaceX has a trillion dollar valuation.
true, can't hurt though.
> zero rational basis
Do you really think so? Like everyone who risks their and their clients' money here is just being irrational? Is this really a coherent view? Could it not be that someone knows something you don't, or does not have the biases you have?
Everything was in the S1 filing. There is no "secret knowledge".
The rational basis is entirely "I can sell the stock to somebody else for more money". Where in normal stock it would be "this company can make a profit that gives a return on this investment." This is a purely speculative play.
Why is it purely speculative for SpaceX and for nobody else? Is Musk just that good a con man, even though literally everyone hates him?
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Point us at a rational verbalized or written argument for SpaceX's current valuation (and increasing)? Everything I've read says the valuation is too high and here is why, with x, y, and z reasons. Everyone I read who encourages buying seems to be ignoring arguments entirely and going on vibes.
I trust people who are investing their money more than analysts who get paid for writing what everyone wants to hear.