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by tristanj
21 days ago
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> They are looking 10 years forwards. I am looking 10 years back. And that's your flaw. Companies are priced by looking ahead and projecting future revenue and earnings, not by looking 10 years into past. Your analysis is fundamentally flawed for this reason. Neither of SpaceX's major future revenue drivers (Starship and Starlink) existed a decade ago. This explains your confusion regarding SpaceX's valuation. |
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