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I was only trying to talk about Starlink here, as that is what TFA is about. Starlink is AMAZING in-flight, out at sea, etc.. But since you brought it up: > Se
by consumer451 3mo ago
I was only trying to talk about Starlink here, as that is what TFA is about. Starlink is AMAZING in-flight, out at sea, etc.. But since you brought it up:
> Separately, from SpaceX's own prospectus, Starlink is only a tiny fraction of the overall conglomerate that went public recently. It "only" needs to support double digit billions of valuation to pull its weight inside of the company.
So, where does the rest of the valuation come from?
It feels like it comes from the alien simulation-theory overlords.
- 0xffff2 3mo agoAccording to SpaceX itself 93% of the company's value is in AI IIRC.
- deleted 3mo ago[deleted]
- t-writescode 3mo agoGod I hope not. That’s terrifying.
- lokar 3mo ago99% of the value is goodwill towards musk
- jordanb 3mo ago> where does the rest of the valuation come from? AI data centers in space, of course!
- BurningFrog 3mo agoSpaceX is by far the most cost effective way in this world to send things into space. That is very valuable.
- Alpha3031 3mo agoNot according to their prospectus (which was what was asked about), where it accounted for slightly under 2% of SpaceX's market.
- Lomlioto 3mo agoNo its not. The payload we send to space is very limited and the 300% increase in the few last years was ONLY starlink itself. Thats the issue Musk has to sell it to the investors and his idea is datacenter payload. Just that he would need to send 300 Starships up there to even install a smallish datacenter like his own colossus 1. Starship is not done yet, we have not seen it fly up there and return for 300 times at all.
- BurningFrog 3mo ago"No it's not" replies and silent downvotes instead of arguments didn't use to be how HN worked. Sad to see this place becoming a normal web forum.
- rsynnott 3mo agoI mean, it was a response to a claim, without evidence, that it was valuable. Is your position that _you_ can make assertions without evidence but that lesser mortals may not contradict you without writing a paper on the subject? I’m convinced that a large part of the user base of this site is genuinely, literally, solipsistic.
- BurningFrog 3mo agoMy position is more that it's OK to mention a well known and easily verifiable fact without digging out authoritative sources.
- rsynnott 3mo ago… No, I mean, on the face of it it’s a surprising claim. Why do you think it is valuable? What is the market?
- BurningFrog 3mo agoThe simple answer is that SpaceX is worth about 1900 billion dollars at today's stock price. It's the 7th most valuable company on Earth. According to an AI I asked, about 50% of that value is Starlink, with space launches and AI making up about 25% each. The Starlink business depends on their cheap space launch tech, so using these rough numbers capability I'd say it is worth 75% of the company, or $1400B.