These two comments seem to tell you, everything you need to know about this IPO. Sadly I cant get the same level of analysis, from CNBC or Bloomberg, so have to come here...

https://news.ycombinator.com/item?id=47606845

https://news.ycombinator.com/item?id=47613231

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chasebank 16 hours ago | parent | next [-]

Ya but all the financial logic in the world doesn’t account for Elon god, number go up.

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comfysocks 34 minutes ago | parent | next [-]

I wonder if going public will mean that SpaceX engineers are no longer going to be able to concentrate on rockets, but instead need to work on a variety of distractions meant to excite investors like dancing robots.

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strangattractor 12 hours ago | parent | prev | next [-]

Definitely meme stonk territory. IMO Elon is good for making the big bets on things with no competition that don't currently exist. The day to day grind of growing a company and maneuvering all the twist and turns of competition not so much.

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lokar 14 hours ago | parent | prev | next [-]

For most retail investors, Musk connected securities are a lifestyle product, not an investment.

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slowmovintarget 6 hours ago | parent | prev | next [-]

I talked with my wife about this (MBA, Masters in Economics...). She said treating this kind of company like an established company (PE ratio as indicator... etc.) doesn't work because the company hasn't reached its steady state yet. Not Tesla, and, when it IPOs, not SpaceX either. They're in heavy R&D, where their revenues keep getting plowed into pushing through their emerging phase.

Most of the derision I see for both of these companies takes the form of standard investment analysis for established firms, or simple hatred on ideological grounds. Tesla and SpaceX are like Apple when it was Jobs & Woz in their garage.

Orbital data centers, moon and asteroid mining, more launches, by two orders of magnitude, than any other commercial entity on the planet... SpaceX is going bigger. Yes they might go bust, but evaluating them as though they were Microsoft, GE, or Samsung just doesn't make a lot of sense yet.

	▲	bdangubic 6 hours ago \| parent [-]
		Tesla????! The company that has been in business for more than a decade? Tesla is like Apple when it was in a garage?? That is f’ing wild, Elon is God to get an Army of retail investors buying into this kind of nonsense… We had 12 years of robotaxis dreams where he has shown incapable of moving a car safely from point A to point B and now that he failed at that he’s gonna mine the Moon from Woz’s garage? Geez! Too funny it it wasn’t tragic to read stuff like this

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jmye 15 hours ago | parent | prev | next [-]

Meme it till it's true, I guess? People are nuts.

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risc_taker 15 hours ago | parent | prev [-]

[dead]

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gavinray 16 hours ago | parent | prev | next [-]

This other comment by the same user in one of the links from 2 weeks ago I found the easiest to understand, in brief:

https://news.ycombinator.com/item?id=47389233

	▲	infinitewars 16 hours ago \| parent [-]
		That covers 1 of the 10 points in the second link.

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nutjob2 16 hours ago | parent | prev [-]

Yes hard-nosed analysis, from a couple of retail investors but not finance journalists. The latter don't want to bite the hand that feeds, the former is on the menu.

	▲	infinitewars 16 hours ago \| parent [-]
		The bigger investors know the dual-use story for SpaceX, so that is what will be used to justify valuations. https://ioc.exchange/@muskfiles/116333241408716236