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SpaceX's finances are also largely unknown, they could be burning more money than NASA on experimental flights.
by lumost 2y ago
SpaceX's finances are also largely unknown, they could be burning more money than NASA on experimental flights.
- 7e 2y agoThis. Elon’s entire MO is to lose more money than competitors, then raise more in the markets. Rise, repeat, claim successes, when in reality competitors just aren’t willing to lose that much money bootstrapping. SpaceX is no different.
- nopzor 2y agowhile it’s true that spacex is a private company, it’s widely known that they are highly profitable. they have many institutional investors, and a long line of people that would love to be on their cap table.
- basementcat 2y agoSpaceX has not yet turned an annual profit. They have recently denied their own shareholder employees access to company financial statements. https://www.fool.com/investing/2023/08/27/despite-rare-profit-spacex-still-mostly-loses-cash/ https://www.fool.com/investing/2023/08/27/despite-rare-profi...
- nopzor 2y agothe article you linked to is more than a year old, and does acknowledge that at the time spacex was flirting with profitability. do you contend that they are not currently “profitable”? also, many (maybe most?) privste companies deny employees who have options access to complete company financial statements.
- basementcat 2y agoHow does one reasonably make exercise (or buy/sell) decisions if one doesn’t have access to financial statements?