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

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.

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.

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

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.

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

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