| ▲ | SwellJoe 2 hours ago | |
You've used the word "inevitably". Are you sure it's inevitable? SpaceX is launching at a ridiculous valuation, has two bad businesses bolted on to one modestly successful one, and all together the revenue puts the company well behind companies with a market cap vastly smaller than what they're pricing the IPO at. This is a ridiculous situation, a ridiculous valuation, and a very risky business (data centers in space? c'mon, be serious). | ||
| ▲ | polotics an hour ago | parent [-] | |
More explicitly, it puts them at the same level as Kellog's, with one difference: breakfast cereals is profitable... This is as per Patrick Boyle's https://youtu.be/IHD8BDFYyGI?si=FZ52TSEYnpJwZ1FT | ||