It's a scam only if you think the stock market in general is a scam. Remember, SpaceX is completely globally dominant in its industries (launch technology and orbital telecom)

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Beijinger 2 days ago | parent | next [-]

"SpaceX is completely globally dominant in its industries (launch technology and orbital telecom)"

1. Have you seen what the Chinese have come up with? https://x.com/pronounced_kyle/status/2075526710003413004

2. None of these things are, where the money is supposed to come from in the future: https://www.youtube.com/watch?v=IHD8BDFYyGI

I don't know the future, nor do I give investing advise. I don't want this stock.

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labcomputer 2 days ago | parent [-]

I don't understand what kind of media someone has to consume to not understand that SpaceX does completely globally dominate launch services. Like, it's not even close.

I have no opinion on whether other companies might catch up to them (either tomorrow or 10 years from now), but your quote is a completely accurate statement about the world as it exists today.

	▲	Beijinger 2 days ago \| parent [-]
		Launch service makes billions in losses and the Chinese have now the same technology. The only cash cow they have is Starlink. If you read the IPO prospectus, none of theses things is were the money is supposed to be earned in the future. The money comes from the 3rd pillar, AI. Again AI is the biggest loss maker they have. I would not invest in their launch services, nor in their AI. But I would invest in StarLink if they spun it off and if it were decently priced.

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lorecore 2 days ago | parent | prev | next [-]

Yes, I think Musk has proven the stock market is a scam. If it wasn’t, the SEC would have thrown him in prison years ago for his regular violations of law in Tesla earnings calls.

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kibwen 2 days ago | parent | prev [-]

> It's a scam only if you think the stock market in general is a scam.

So in other words, yes, it's a scam.