I’m loathe to find out how he’s going to fail his way upwards from this. It’s going to pop, and he’s going to tumble upwards like he always does. Capitalism is a system that props fools like this up.
Better start hauling asteroids for mining. Nothing else is going to have that level of ROI.
bastard musk must be broken down to destitution to clean up our world
But, but… Money laundering err I mean mars!
Excellent. I hope they’ll find all the funding they need and then some.
All they have to do is to start putting ads on space and none of us will be able to do anything about it because we are a bunch of peasants.
Just so you know: the valuation of SpaceX has nothing to do with the space side of the company. If you look at their projected revenue, the rockets etc… are a footnote. but SpaceX acquired XAI, and literally all of this projected growth is SpaceX becoming the leading AI company in the next decade.
(and i wish i was joking, but i see everybody here wondering how a space company could possible grow that much, or be expected to. And the answer obviously is it can’t, and noone expects it to. But an AI company in this AI bubble, that people believe…)
Remember, Musk also proposes a combination. That AI will, for whatever stupid ass reason, become predominantly space based and that they would be having hundreds of Starship launches a month…
That’s another Elon BS special. Dissapating heat in space is very difficult because you can only do it via radiation, which is weak.
Then there’s the massive amounts of heavy metals that get deposited in the upper atmosphere when the satellite datacenters ultimately reenter and burn up. Good bye ozone layer.
I wonder the opposite: when the ai bubble pops, will it take spacex with it?
We can burn the hypothetical companies which obstruct our heavens.
Unless people develop a strange love for this: https://en.wikipedia.org/wiki/SpaceX_Starshield
satellites designed to provide new military space capabilities to U.S. and allied governments
The primary project SpaceX is reportedly vying for are contracts for the Golden Dome space weapons system.
That’s the ticket to win nuclear war and it will be priced accordingly.
That’s going to go about as well as robotaxis and the Tesla robots
There won’t be anybody left to ask their money back. It’s a once in a lifetime opportunity.
why people invest in this? they will just lose their money
It’s going to be NASDAQ and IPOs. They don’t choose to invest.
As long as there is a sucker willing to pay more they will gain money. And unfortunately there are millions of suckers on the planet. Fundamentals don’t mean anything with this IPO. It’s basically all hype based like Pokemon cards.
One of the big problems with investing is that the average investor thinks they’re smarter than the average investor.
It’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can
Where it’s not a bubble, the market is positive sum and the average investor is wise to participate.
That’s true. I guess you just have to think you can keep up with the market, not necessarily beat it.
Don’t be so smug. The intended victims of this IPO are passive investors who aren’t trying to time the market and are just long-term holding index funds for retirement. That’s exactly who Musk is planning to rob. If you’re taking the typical low-cost index fund strategy, you will be giving approximately 1% of your life savings to Elon Musk.
Why do people like this guy? Tell him to fuck off already.
Because he has a massive public presence. Why do people like mcdonald and not burgermeister? Because they have never hear of the latest. The proper way to give this guy the middle finger is to stop giving him any exposure if not for serious stuff that show he’s scum.
Because he has $826 billion…
First signs of US economic decline
Nixon Shock: “Am I a joke to you?”
Right, but hear me out: I know that SpaceX is impossibly overvalued and that makes me smart. So what if I bought some SpaceX stock, waited for some rubes to buy the stock from me at higher price and then I cashed out? Since I’m so smart, I’m sure I could get in and get out before the whole thing falls apart. /s
Doesn’t matter, at this rate, what will even be here in a decade?
Boomers kept saying this too. For the sake of future generations please stop; it can indeed get worse than what is currently doomed to happen.
I need you to look around with your eyes. Boomers may have said this but they were being the complaining bitches they were born to be. We have multiple real humanity-at-stake crisis happening here. People are going to starve in 5-10 years due to what is happening right now. We’re going to see mass climate migrations that haven’t been seen since the ending of the Ice Age but in reverse. Who decides who starves when the food runs out? We’ll find out.
I need you to understand that all of this was crystal clear decades ago. I said doomed because yes I am aware of how bad it is.
It can and will get worse if we give up on life itself.
So what’s your point? Dont hark cause its scary? Genuinely confused why we shouldn’t talk about it, yet its doomed to happen.
I’m asking you to stop saying “it doesn’t matter”, not to stop talking about it. You’re looking at a world drastically different from the one in which you grew up and discounting it entirely, which implies that pollution no longer matters.
You’ve interpreted my “it doesn’t matter” as apathy instead of the observation that it was. It doesn’t matter that SpaceX supposedly has to do something impossible to justify their valuation. They were never going to be valued honestly and they’ll never have to justify that evaluation.
AI.
That’s 59% growth annually, every year, for 10 years straight.
Any miss or early miss throws the schedule off significantly.
Pretty close to Moore’s Law, a doubling approximately every 18 months.
“Just trust me, bro.”
One more data center bro I swear
I can do this with two hands closed 👍
If they can get to an astroid with some titanium or other rare minerals, they can probably be worth it. But I don’t see that happening in my lifetime
Mining such an asteroid will only destroy the metals’ market value into oblivion by nullifying it rarity.
I’m not so sure. That would certainly be the case if you had access to it all at once, but that’s almost certainly not how it would work. Just like how we don’t have access to all of it’s that’s available on earth at once. It’ll be more like a new mine opening up.
This is assuming we don’t mine multiple asteroids at once or open a ton of new mines on a single asteroid. We may get there at some point but that won’t be how it starts. It’ll almost certainly start as a one off, if it gets there at all.
Debeers model? Artificial scarcity
Getting there isn’t a problem. The problem is what you do once you’re there. There’s no way to mine an asteroid and bring those minerals back to earth and I don’t see any way for that to change for quite a long time.
the moment that rare minerals become plentiful, they devalue. you can’t get a trillionaire with asteroid mining
