The kindest thing we can say about SpaceX is that Falcon 9 is the best run space launch operation ever. But is it profitable? Are those five-year lifespan satel

The kindest thing we can say about SpaceX is that Falcon 9 is the best run space launch operation ever. But is it profitable? Are those five-year lifespan satellites really assets? Do they generate enough cash flow to be replaced or was that all funded by capital raises along the way? And now Elon has stapled his third rate AI and zombie social network to the rockets. Because of the way it's structured with a tiny float compared to the valuation, I wouldn't bet against the IPO at the target price. The IPO will raise enough money to keep things running for another year. But it's not a big raise especially relative to the burn rate.