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SpaceX Valuation Climbs to $180B
- siquick 3y agoI know it’s because of profitability but it still blows my mind that Meta, which has pretty much single-handedly damaged the global psyche, is valued at almost 6x a company that launches rockets into space.
- extraduder_ire 3y agoNot just that, more rockets and mass to space than most spacefaring countries. With more every year.
- zenmaster10665 3y agoCome on. Damaged global psyche? Seems a bit hyperbolic and unsupported by evidence. The addressable market of rockets is considerably smaller than the addressable market selling ads... So there you go.
- piaste 3y agoAny web search for 'social media mental health study' will provide as much evidence as one could possibly expect for that statement.
- bratbag 3y agoThere is a growing body of evidence that high levels of engagement with social media is linked with an increase in risks for multiple types of psychological ailments. Singling out Facebook is a tad unfair and causality still needs proving, but I don't think it can be called either hyperbolic or unsupported.
- matthewdgreen 3y agoAt this moment, the company that launches rockets into space is planning to gain the majority of its income by providing high-speed Internet access… so customers can access communications services like Meta.
- up2isomorphism 3y agoIt is not that mind blowing if we are talking about “evaluation” How many people care launching a satellite tomorrow more than chatting with a girl/man on Facebook? I think it is quite obvious.
- paulus_magnus2 3y agoWe should ask ourselves why other launch providers have not done this? Why have we been told by BMW, Mercedes, Lexus "this is all there is", "people will only buy so many $100k cars per year". Then Tesla came an squeezed $1tn valuation into a niche we've been told does not exist. Or is impossible, unprofittable and we don't need that much innovation. Should we immediately fire all other CEOs? In the end Musk hires the same people from the same planet, uses the same raw materials, banks and same customers.
- sschueller 3y agoWhat value was created? Car sales have not exactly exploded. [1] [1] https://www.iea.org/data-and-statistics/charts/global-car-sales-by-key-markets-2005-2020 https://www.iea.org/data-and-statistics/charts/global-car-sa...
- paulus_magnus2 3y agoThe value is this magic building: you put metal sheets & plastic granulate in one door and cars come the other door. Most other vendord are only a marketing shell whereas everything is outsourced to a galaxy of suppliers. Tesla has full vertical integration and captures value of the whole chain including dealerships. Plus Teslas are have performance of supercar and can demand much higher margins.
- afiori 3y agoI am not sure about the other companies, but Tesla has no plan to ever pay dividends to stock holders so (buyout aside) the only "rational" value for the stock is 0 independently of its valutation.
- yzydserd 3y agoThe dividend strategy of a company has, or should have, minimal if any influence over the valuation of the company. Capital appreciation alone is sufficient. Indeed, in theory any issued dividend is merely a planned dilution of value.
- Whoppertime 3y agoI'm just waiting for the pun headlines about SpaceX Mooning after announcing a Lunar mission
- Log_out_ 3y agoCan somebody name the names behind SpaceX success story. Not Elon obviously. So who manages the whole endeavor?
- erkt 3y agoGwen Shotsell, Tom Mueller, Hans Koenigsmann to name a few. But someone still had to hire this crew.
- jve 3y agoMore than hiring: https://www.reddit.com/r/SpaceXLounge/comments/k1e0ta/evidence_that_musk_is_the_chief_engineer_of_spacex/ https://www.reddit.com/r/SpaceXLounge/comments/k1e0ta/eviden...
- Thervicarl 3y ago> Gwen Shotsell Gwynne Shotwell
- erkt 3y agoWhoops that’s embarrassing.
- wilg 3y agoDo people have to have an argument every single thread about whether SpaceX is successful "in spite of" Elon Musk?
- bratbag 3y agoIf every discussion has to have people singing his praise? Then yes, every discussion should also have that being questioned.
- rasz 3y agoThe Gwyneth Paltrow lady at SpaceX.