4 ms·
The tiny part of SpaceX that is actually about space, yes. Unfortunate that it has been bolted onto the hulk of Musk's AI fever dreams.
by amanaplanacanal 3mo ago
The tiny part of SpaceX that is actually about space, yes. Unfortunate that it has been bolted onto the hulk of Musk's AI fever dreams.
- yieldcrv 3mo agoEven at $38/share it will still be number 20 on the fortune 500 by marketcap Too bad for Elon gullibles its at $113/share but its a great company at $38
- tim333 3mo agoDepends a bit on how the AI stuff goes.
- yieldcrv 3mo agoright. instead of having an enterprise AI strategy, they've become a landlord, renting capacity directly to competitors on a month to month basis, competitors who are building their own compute and can cancel this rental contract at any time. so they'll use that to try to print rosy revenue numbers, except the size of the contract is until 2029 and the month to month payments can be cancelled at any time. and they only have capacity to rent out because they don't have an enterprise AI strategy, they overspent on GPUs for an audience that never showed up for Grok, it has abysmal usage and its radioactive because it creates CSAM and is based af. It's just outdated Nvidia hardware that they are trying to recoup just a little bit of value from. and if you believe in space datacenters, I've got a bridge in brooklyn to sell you! actually space datacenters are the 21st century bridge in brooklyn, whoever is selling you about it thinks you are stupid. Elon Musk just wanted the trillionaire print by all accepted metrics, and got that, so he said anything and disclosed it properly, and 4.9% of the shareholders bought that plan because they were greedy hoping for a pop. The pop came. now they're underwater. Elon Musk doesn't believe the total addressable market of SpaceX's other business lines are that valuable in comparison. 25 trillion TAM for enterprise AI applications, 3 for everything else. ruh roh
- Geee 3mo agoIt is still about space. AI and space computers are just the vehicle to fund it all.
- refulgentis 3mo agoBillions of AI capex for a model that’s consistently forgettable and space computers, presumably data centers in space, are funding SpaceX? Isn’t the opposite? SpaceX has an extremely profitable launch program and a profitable Starlink. It’s a straightforward would be better off financially without X and X.ai.
- smallmancontrov 3mo agoCash: rockets fund AI Equity: AI funds rockets Of all the places that money parted from fools winds up, this is not the worst of them.
- Breza 3mo agoYou are correct. If the company wanted, it could probably be profitable in the next couple of years. But that would require aggressively shedding stuff like X, xAI, and Starship. If they did that, they'd lose a lot of stock market value.
- matthewdgreen 3mo agoThe graveyards are full of blockchain companies who said something similar.
- tim333 3mo agoNot many that launched rockets or anything like that.
- throwaway2037 3mo agoTiny part? Huh? Falcon 9, Dragon, Starlink, Starship. That is a LOT of space.
- amanaplanacanal 3mo agoYou should look at the S1 they filed with the SEC. All of their space related stuff including starlink shows a total possible market of 2 trillion, whereas they show AI as over 26 trillion. Basically almost all of their value is AI, not space related activities.