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SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply
- deleted 4mo ago[deleted]
- visha1v 4mo agorewarding huge advances in space tech and the companies that make them isn’t broken capitalism. that’s pretty much how the system is supposed to work.
- Zigurd 4mo agoIn capitalism, huge advances are reflected in revenue, profit, and growth. None of which support the SpaceX valuation. The evaluation looks like Marco Rubio's shoes. SpaceX ain't never growing into its price. Just for artistic symmetry, it feels like a Tesla merger is fated, just to prove that several quarters of stagnation can't dent a P/E ratio based on unicorns farting rainbows.
- visha1v 4mo agomarkets bet on future wins, not just today's money. space is a very long game.
- zamadatix 4mo agoThe bulk of the SpaceX valuation has nothing to do with the rocketry business.
- DivingForGold 4mo agoRelated: SpaceX contractors: We’re owed $5.5M Liens from at least 29 in South Texas over work on Starbase have more than doubled. https://eedition.houstonchronicle.com/infinity/article_popover_share.aspx?guid=367d4330-74c0-454c-9bb0-c06a89be822e&share=true https://eedition.houstonchronicle.com/infinity/article_popov...
- _wire_ 4mo agoIt's a Baron Munchausen effect of modern money.