The valuation of the stock is based on Musk doing what he’s always done, which is making seemingly impossible promises sometime in the future.
You know what he promised by 2025? A fleet of driverless Tesla taxis. xAI producing the first AGI. A human being on Mars planting a flag.
You know what the evaluation of SpaceX is based on? The promise of a Mars colony with one million human inhabitants, and space-based data centers. It’s going to be decades before it’s worth the IPO, if ever.
In the meantime SpaceX is in debt 20 billion, and is bleeding money. It lost $4.94 billion in 2025.
So it looks to me like a private equity project. Like Toys 'R Us or Radio Shack or Claire’s. Remember those?
And Nasdaq-100 is fast-tracking SpaceX into its portfolio after 15 days. Soon, pension funds and 401(k)s are going to feature SpaceX stocks. So when it does implode, a lot of worker-class folk are going to eat the loss.
You know who I bet will not be eating the loss? Trillionaire Elon Musk.
Jesus Christ thank you for reminding me to confirm I keep his shit as far away from my pension as possible. Thankfully I’m in Canada so I feel there’s a hope
My favorite part about data centers in space is it may actually be impossible from a physics standpoint to build the heat radiators large enough for even a small one. Even though space is cold and would seem to make sense, it is also a destructive vacuum and to radiate even a small amount of heat outside of a shielded core would take a huge array of radiators
No, it’s totally possible. Not with any technology we’ve ever built, maybe not with any technology we can build, but physics doesn’t preclude it outright.
Your point still stands though. It’s a promise that’s impossible to meet within the lifetime of the investors.
His promise of self-driving cars turned into a huge pile of accidents, especially since he insisted (still insists) that autopilot operate on a single sensor. Waymo uses five.
It’s not like his companies did nothing. Getting his launch vehicles to land safely, vertically, was way cool, but a small step on the way to space colonies or space tourism.
He promised to get teslas share price and sales figures etc to a seemingly impossible level, and he exceeded it which is why he was then due his gigantic pay packet that the courts then ridiculously blocked. You guys are doing the same thing to SpaceX as you did for Tesla, and the results will be the same - you’ll look foolish.
FSD on Teslas is insane. It’s demonstrably safer than real drivers. It doesn’t use a single sensor, it uses a single type of sensor, which has proven to be more than good enough.
Calling reusable self landing rockets a “small step” is beyond a joke. It’s probably the single biggest innovation in space travel since space travel has been a thing.
Tesla FSD is not safer than real drivers. All robotaxis are level 4 at most, so it’s an “apples vs oranges” thing. It’s like saying trains are safer than real drivers. By all accounts, the Tesla robotaxis are the worst that exist, and they’re barely being used where they’ve been rolled out.
I will give credit that Tesla forced other car manufacturers to innovate, but they’re outclassed in every way now.
The valuation of the stock is based on Musk doing what he’s always done, which is making seemingly impossible promises sometime in the future.
You know what he promised by 2025? A fleet of driverless Tesla taxis. xAI producing the first AGI. A human being on Mars planting a flag.
You know what the evaluation of SpaceX is based on? The promise of a Mars colony with one million human inhabitants, and space-based data centers. It’s going to be decades before it’s worth the IPO, if ever.
In the meantime SpaceX is in debt 20 billion, and is bleeding money. It lost $4.94 billion in 2025.
So it looks to me like a private equity project. Like Toys 'R Us or Radio Shack or Claire’s. Remember those?
And Nasdaq-100 is fast-tracking SpaceX into its portfolio after 15 days. Soon, pension funds and 401(k)s are going to feature SpaceX stocks. So when it does implode, a lot of worker-class folk are going to eat the loss.
You know who I bet will not be eating the loss? Trillionaire Elon Musk.
Jesus Christ thank you for reminding me to confirm I keep his shit as far away from my pension as possible. Thankfully I’m in Canada so I feel there’s a hope
Narrator: He was wrong.
For all his false promises: https://elonmusk.today/
Looks like the webmaster (do people still use that word?) is asleep at the wheel there.
Last update 266 days ago.
My favorite part about data centers in space is it may actually be impossible from a physics standpoint to build the heat radiators large enough for even a small one. Even though space is cold and would seem to make sense, it is also a destructive vacuum and to radiate even a small amount of heat outside of a shielded core would take a huge array of radiators
No, it’s totally possible. Not with any technology we’ve ever built, maybe not with any technology we can build, but physics doesn’t preclude it outright.
Your point still stands though. It’s a promise that’s impossible to meet within the lifetime of the investors.
Elon musk also made seemingly impossible promises for Tesla and their stock price, and he exceeded them.
What technology promise did he make that he kept?
His promise of self-driving cars turned into a huge pile of accidents, especially since he insisted (still insists) that autopilot operate on a single sensor. Waymo uses five.
It’s not like his companies did nothing. Getting his launch vehicles to land safely, vertically, was way cool, but a small step on the way to space colonies or space tourism.
He promised to get teslas share price and sales figures etc to a seemingly impossible level, and he exceeded it which is why he was then due his gigantic pay packet that the courts then ridiculously blocked. You guys are doing the same thing to SpaceX as you did for Tesla, and the results will be the same - you’ll look foolish.
FSD on Teslas is insane. It’s demonstrably safer than real drivers. It doesn’t use a single sensor, it uses a single type of sensor, which has proven to be more than good enough.
Calling reusable self landing rockets a “small step” is beyond a joke. It’s probably the single biggest innovation in space travel since space travel has been a thing.
Tesla FSD is not safer than real drivers. All robotaxis are level 4 at most, so it’s an “apples vs oranges” thing. It’s like saying trains are safer than real drivers. By all accounts, the Tesla robotaxis are the worst that exist, and they’re barely being used where they’ve been rolled out.
I will give credit that Tesla forced other car manufacturers to innovate, but they’re outclassed in every way now.
FSD is a better driver than most people.