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sanitation@lemmy.today to Technology@lemmy.worldEnglish · 2 days ago

SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortune

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SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortune

fortune.com

sanitation@lemmy.today to Technology@lemmy.worldEnglish · 2 days ago
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SpaceX needs to grow at a rate no company has ever achieved to justify a $1.75 trillion valuation | Fortune
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SpaceX's valuation will set the bar for what the must achieve going forward to reward investors.
  • Aniki@feddit.org
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    2 days ago

    have you actually looked at the numbers of cost and revenue, or are you just talking out of your ass?

    • mojofrododojo@lemmy.world
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      1 day ago

      reuters: SpaceX generated about $8 billion in profit on $15 billion to $16 billion of revenue last year

      https://www.reuters.com/business/finance/spacex-generated-about-8-billion-profit-last-year-ahead-ipo-sources-say-2026-01-30/

      SpaceX’s annual capital expenditures quintupled in two years, hitting $20.7 billion in 2025, fueled by simultaneous Starship launch infrastructure and AI data center buildouts.

      https://finance.yahoo.com/sectors/technology/articles/eye-watering-sum-spacex-spent-124427519.html

      but that debt # includes stopgap loans before the IPO

      https://money.usnews.com/investing/news/articles/2026-04-23/exclusive-spacex-refinanced-debt-with-stopgap-20-billion-loan-before-ipo-filing

      costs will only go up from here, so by all means, give musko some of your money. what could go wrong?

      • Aniki@feddit.org
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        18 hours ago

        lol i’m not giving them money, how stupid would i be. the IPO is completely overvalued

        i’m just saying, somehow they managed to make a spaceflight company profitable on its own (excluding political subsidies), which i believe is rare actually. boeing etc just do it because they get funding from NASA. i think it is fascinating how much money can be made with satellite internet.

        anyways, i don’t like musk at all. we need more competition from europe and asia.

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