It's how he hides losses though. People who aren't Musk can demand answers to questions he'd like to ignore.

As it is within the Musk empire, xAI is used to hold up X, Tesla is holding up xAI. And all of that debt is being slowly shuffled to SpaceX.

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vessenes 16 hours ago | parent | next [-]

SX investor here: the combined value of SX is well up on the private secondary market post-acquisition. It was value accretive, in very real dollar terms.

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Zigurd 15 hours ago | parent | prev [-]

Even if Starlink had more than a few tens of millions of customers, China mobile has 900 million subs and is worth around $250 billion. ULA was recently valued at about 1 billion. SpaceX might be possibly worth 50 times as much or maybe even 100 times as much. Falcon nine is the world's workhorse rocket, but it's just not that remarkable, and starship is utterly unproven to launch to orbit and land both stages. Starship has a payload capacity problem that must be solved to even get to the point where launching 15 refueling missions would be sufficient to get a starship to get anywhere beyond Earth orbit.

It looks like the plan is to IPO with a small float (in relative terms) and get all of the retail investor Elon fans to lineup for the rug pull.

	▲	parineum 14 hours ago \| parent \| next [-]
		> Falcon nine is the world's workhorse rocket, but it's just not that remarkable The funniest part of any thread relating to Musk is how hard people go into minimizing his accomplishments. You don't have to like the guy (I don't) to acknowledge that the Falcon 9 is an engineering marvel and ushered in an entire new era of space travel, both reusable and private.
	▲	bobsmooth 9 hours ago \| parent \| prev [-]
		>Falcon nine is the world's workhorse rocket, but it's just not that remarkable Falcon delivered the vast majority of mass into orbit last year, and the year before that >starship is utterly unproven to launch to orbit It's already deployed test satellites into orbit. You're so intellectually dishonest you refuse to acknowledge things that have already happened.