[lotsofpulp]

>There's a reason Facebook is worth about 10x what SpaceX is worth, and most of that value doesn't come from the ability to build software. Facebook isn't even particularly good at building software.

One is a publicly listed business with as much of an objective look at real time "worth" as possible in today's world, and the other is a private business with confidential financials.

Seems like you would be unable to even calculate SpaceX's net worth, much less compare them to a business with the most objective measure of "worth".

[blagie]

SpaceX raised $750M at a valuation of $137B in January 2023.

A private investment at this scale should have a lot more transparency and due diligence than disclosures from a SEC disclosures. If I were investing $750M, I'd have engineers under NDA review SpaceX technologies, financial auditors, legal auditors, etc.

Secondary sales place it a little bit higher (but those typically have all the issues you describe).

[lotsofpulp]

Fair enough, didn’t know about that recent round. Still, I would assume that number is higher than it would be if the business were publicly listed, but the $140B should be close enough.