[Retric]

Without rapid purchasing by indexes SpaceX’s stock would likely to tank as ever more people would be able to sell over the first year.

It’s a 24 year old company with a current high flying stock price based on very questionable numbers.

[pclmulqdq]

We all said that about Tesla for years, and a lot of people got burned on the trade. This time may be different, but it also may not be.

[Retric]

Tesla’s numbers looked vastly more reasonable.

“In 2025, SpaceX generated $18.7 billion in revenue, with its Starlink satellite internet service accounting for $11.39 billion, or 61% of total sales.”

Tesla had higher revenue number in at the start of 2019, when it had a market cap of ~0.06 trillion. Further Tesla was highly volatile in 2021 despite huge earnings growth with some people bank when it fell from 1.2T to 0.34T before recovering.

[rayiner]

I also remember lots of people saying Uber wasn’t a $100B company.

[nullstyle]

With several large bets on the table with starship that have yet to play out.

Remember mars by 2024? I think that was around the time they started accepting deposits on tesla semi.

[saturn8601]

They shipped the Semi though. Yes the situation is bad but its not vaporware. Musk had to scam the markets to survive in late 2017/2018

[shigawire]

The problem is the stock is not valued based on the space part. It's sky-high valuation is based on absurd projected AI revenues.