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by frasermarlow
25 days ago
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On that topic: this is both entertaining and scary, especially the bit that says they fast-tracked into the NASDAQ 100 so whether you like it or not you have to buy into Elon Musk's financial house of cards. https://www.youtube.com/watch?v=IHD8BDFYyGI |
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There's a section in this article that offers some slightly different views on the IPO: https://rubbishtalk.com/world/dow-50k-2t-ipo-and-the-iran-de...
It make it more solidly clear how this really is an IPO for all 3 orgs: SpaceX, X, and xAI which helped me understand more of the video.
> The Launch segment posted $4.1 billion in revenue but a $657 million operating loss, driven by roughly $3 billion in Starship R&D — a deliberate strategic bet, not a distressed business.
All in all it reflects a ton of what the youtube video says though (I haven't finished the video though). It adds some color.