[TheAlchemist]

Sorry, I was referring to the general stock market (mostly AI) bubble.

As for SpaceX, it's pretty much impossible to know their finances - they don't publish audited accounts. We can just trust what Elon is willing to share with us.

[lxgr]

What does a stock market bubble have to do with the profitability (i.e. not the valuation) of any given company?

Are you arguing that the demand in Internet connectivity in rural/remote areas is somehow caused by an investment bubble as opposed to a long-term stable need?

[TheAlchemist]

No, I don't think there is any relationship there.

I'm saying that I highly doubt the real profitability of SpaceX / Starlink, and we will only see if it's really as good as they say, once the bubble pops and there is no inifinite capital, and maybe some accountability.

[inemesitaffia]

They aren't raising money.

What's there to pop?

[TheAlchemist]

Sure, just like xAI is never raising any money (according to Elon). All of his companies are very tightly interconnected, so you should see them as a whole.

[inemesitaffia]

When money is actually raised people talk.

Sovereign wealth funds and bankers like to talk about their investments even in leaks to Journalists of things under NDA.

[JumpCrisscross]

> for SpaceX, it's pretty much impossible to know their finances - they don't publish audited accounts

SpaceX has audited financials. They're not published, but they leak a lot.

[TheAlchemist]

Yes, and Elon companies are well known for leaking reliable information.

[JumpCrisscross]

> Elon companies are well known for leaking reliable information

SpaceX isn't leaking their own financials.