The valuation of the stock is based on Musk doing what he’s always done, which is making seemingly impossible promises sometime in the future.
You know what he promised by 2025? A fleet of driverless Tesla taxis. xAI producing the first AGI. A human being on Mars planting a flag.
You know what the evaluation of SpaceX is based on? The promise of a Mars colony with one million human inhabitants, and space-based data centers. It’s going to be decades before it’s worth the IPO, if ever.
In the meantime SpaceX is in debt 20 billion, and is bleeding money. It lost $4.94 billion in 2025.
So it looks to me like a private equity project. Like Toys 'R Us or Radio Shack or Claire’s. Remember those?
And Nasdaq-100 is fast-tracking SpaceX into its portfolio after 15 days. Soon, pension funds and 401(k)s are going to feature SpaceX stocks. So when it does implode, a lot of worker-class folk are going to eat the loss.
You know who I bet will not be eating the loss? Trillionaire Elon Musk.
My favorite part about data centers in space is it may actually be impossible from a physics standpoint to build the heat radiators large enough for even a small one. Even though space is cold and would seem to make sense, it is also a destructive vacuum and to radiate even a small amount of heat outside of a shielded core would take a huge array of radiators
No, it’s totally possible. Not with any technology we’ve ever built, maybe not with any technology we can build, but physics doesn’t preclude it outright.
Your point still stands though. It’s a promise that’s impossible to meet within the lifetime of the investors.
Jesus Christ thank you for reminding me to confirm I keep his shit as far away from my pension as possible. Thankfully I’m in Canada so I feel there’s a hope
Disagree with my pension and my RRSP I do have options for how I want to distribute my investments for example focusing on Canada or Europe or BRIC for investments or even dumping your money into a less risky but more stable money market. They’re pretty diverse now.
Other guys comment, and the note about pension funds, is more about how things like the CPP will invest in SpaceX – as will many ETF/bundled type ‘funds’ that people use. Things practically outside your control.
Yes, you and others can invest your personal wealth into whatever you want. But your gov old age stuff will invest into stuff like SpaceX regardless, and be exposed to potential risks should things collapse catastrophically.
The valuation of the stock is based on Musk doing what he’s always done, which is making seemingly impossible promises sometime in the future.
You know what he promised by 2025? A fleet of driverless Tesla taxis. xAI producing the first AGI. A human being on Mars planting a flag.
You know what the evaluation of SpaceX is based on? The promise of a Mars colony with one million human inhabitants, and space-based data centers. It’s going to be decades before it’s worth the IPO, if ever.
In the meantime SpaceX is in debt 20 billion, and is bleeding money. It lost $4.94 billion in 2025.
So it looks to me like a private equity project. Like Toys 'R Us or Radio Shack or Claire’s. Remember those?
And Nasdaq-100 is fast-tracking SpaceX into its portfolio after 15 days. Soon, pension funds and 401(k)s are going to feature SpaceX stocks. So when it does implode, a lot of worker-class folk are going to eat the loss.
You know who I bet will not be eating the loss? Trillionaire Elon Musk.
My favorite part about data centers in space is it may actually be impossible from a physics standpoint to build the heat radiators large enough for even a small one. Even though space is cold and would seem to make sense, it is also a destructive vacuum and to radiate even a small amount of heat outside of a shielded core would take a huge array of radiators
No, it’s totally possible. Not with any technology we’ve ever built, maybe not with any technology we can build, but physics doesn’t preclude it outright.
Your point still stands though. It’s a promise that’s impossible to meet within the lifetime of the investors.
Not mine. I’m selling my NASDAQ index fund next week. Thankfully the S&P said no.
Jesus Christ thank you for reminding me to confirm I keep his shit as far away from my pension as possible. Thankfully I’m in Canada so I feel there’s a hope
Narrator: He was wrong.
Disagree with my pension and my RRSP I do have options for how I want to distribute my investments for example focusing on Canada or Europe or BRIC for investments or even dumping your money into a less risky but more stable money market. They’re pretty diverse now.
Other guys comment, and the note about pension funds, is more about how things like the CPP will invest in SpaceX – as will many ETF/bundled type ‘funds’ that people use. Things practically outside your control.
Yes, you and others can invest your personal wealth into whatever you want. But your gov old age stuff will invest into stuff like SpaceX regardless, and be exposed to potential risks should things collapse catastrophically.
For all his false promises: https://elonmusk.today/
FPO: future promise offering
Elon musk also made seemingly impossible promises for Tesla and their stock price, and he exceeded them.
He didn’t deliver on any promise except the stock price itself that’s pumped up by lies and idiots believing in it.