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I think Lockheed Martin is less leveraged than either SpaceX or Tesla. Also SpaceX just folded in several of Musk's companies that seemed questionably solvent.
by lukeschlather 2mo ago
I think Lockheed Martin is less leveraged than either SpaceX or Tesla. Also SpaceX just folded in several of Musk's companies that seemed questionably solvent. I really have zero clue how to value the resulting mess of liabilities and highly questionable revenue streams mixed with very solid ones, but $200B doesn't sound unreasonable. $1.6T sounds very high. My intention behind comparing to Lockheed Martin was to presume revenue would double for two consecutive years, which I viewed as reasonably charitable.
- FloorEgg 2mo agoI haven't done a financial deep dive into SpaceX since all the consolidation, been focused on other things, so I really don't know how to price it either. It feels overpriced to me too. That said, I would expect SpaceX to grow at a compound rate much faster and for longer than any legacy competitor such as Lockheed.