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Yes when will everyone wake up for the charade of having a monopoly on space launches? Of putting over 90% of all mass into space, of your closest competitor be
by ahcharades 4mo ago
Yes when will everyone wake up for the charade of having a monopoly on space launches? Of putting over 90% of all mass into space, of your closest competitor being the nation state of China, and they are years away from where you are right now. Ah yes, that charade, when will people learn am I right? Total genius.
- V__ 4mo agoEven if one assumes this is true, it still wouldn't justify the valuation.
- deleted 4mo ago[deleted]
- ben_w 4mo agoSpaceX are currently losing money on the "going to space" part of their business. They're making money on telecoms, and may have just started making a profit on renting out the data centres they originally built for the AI that it turned out hardly anyone wanted to actually use.
- mixdup 4mo agoAn extreme majority of Space X's self-determined value proposition has nothing to do with space. Out of an overall TAM of $28.5 trillion, $26.5 trillion is based on AI. Personally I believe that number will actually approach zero, but it certainly even in my most optimistic view is a number with a B, not a T The total addressable market even at Space X's own calculation for space launches is only $370 billion. And, supposedly as the only company that can launch things into space they are still losing money on that business. This is bankrupt-a-casino levels of incompetence
- moogly 4mo agoThe demand just isn't there, which is one of the reasons SpaceX is pretending they will generate more demand with their cosmic wizard spires.