[arijun]

I disagree, but not for the reason you think. They need to fund R&D to justify their high valuation. A new stock issue would decrease the valuation, and they will have a difficult time borrowing the money with their poor bond valuations. So this will (maybe) slow the bleed.

Musk doesn't need to deliver to keep valuation up. We've seen him doing pretty well stringing people along indefinitely with "3 months maybe, 6 months definitely" self driving capabilities.

[idontwantthis]

It’s not an opinion it’s laid out clearly in the prospectus. Spacex is not a space company. It is a 2 trillion dollar AI company with a small launch business and a smaller ISP.

[arijun]

I am not disagreeing with that. I am saying that having enough revenue is necessary to keep the house of cards standing.