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by CodingJeebus 2 hours ago
The SpaceX IPO prospectus states that the company is targeting a TAM of $28.5T, equal to roughly a quarter of the world's gross economic output.

Patrick Boyle said it best. Roughly 1 billion people on the planet make more than $12k annually (folks with "discretionary" income). Divide that TAM of $28.5T by 1B and the every single person needs to give SpaceX ~$28.5K every year forever in order for that figure to make sense. It's more than 3x what the planet spends on food currently.
1 comments
narnarpapadaddy 1 hour ago
If this happened it would make Elon emperor of the known universe. Can’t imagine the level of influence this would buy.

It also seems impossible. What are people seeing that I don’t?

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ryandvm 43 minutes ago
Nobody (with money to invest) actually believes that SpaceX or Tesla will ever catch up to their valuations. People investing in things like this only believe that somebody else believes it.

This will continue to work until they run out of morons willing to buy a stock with a PE of 300 at which point it will contract spectacularly.

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