Is SpaceX overvalued given its current low revenue and valuation?

[Kelly6]

how is possiable?

[MrChinaski]

Yes. Is the simple answer.

Starlink is a good business.

The launch business doesn't make much.

Nobody serious uses X and never will again. It's a cesspool.

Grok is dead in the water. Space X engineers refuse to use it. SpaceX's second-largest revenue line is renting compute to Anthropic because there is nothing useful for Grok to do with it.

Unencumbered by all the garbage, Starlink is worth maybe $250 billion. SpaceX as a whole is ~10 x overvalued.

But what are you going to do? Musk businesses are meme stocks. They are like bitcoin: if they are worth practically nothing, who is to say they shouldn't be worth twice as much tomorrow?

[Bricealan]

@Kelly6 Not being a financial advisor, or a Tech whiz, mine is only a SWAG, 'Scientific Wild Assed Guess. UNDERVALUED by far. I drive one of his wonder machines - a model S Plaid. He will put us on Mars in the near/distant? future and SpaceX will be King of the Hill

[juliammm]

Elon creates the need for launchers with his Starlink constellation.

He auto-generates the business with questionable needs.

[AngryCarl3]

I mean technically the whole stock market is overvalued. I wouldn't say Space X is a Ponzi scheme but it's hard to see the return on capital.

[Kelly6]

agree

[Kelly6]

@AngryCarl3
agree but at least other companies such as google or apple generate lot of profit

[MrChinaski]

@Kelly6 Yes.

Alphabet, Meta, Amazon make a ton of money.

SpaceX loses money. Tesla is a $1.5 trillion company making $3 billion in profits. If I asked to borrow $1500 from you but assured you I'd pay you back $3 a year how excited would you be?

[Kelly6]

@MrChinaski will be very angry on $3/ year lol

[molonski2]

Absolutely YES..

But , the price will move higher pushed by the index.

[DryGermanGuy]

All musky business is running on promises, fantasies and lots of hot air. 🙄

[MrOracle]

You think fantasies and hot air are performing almost 200 launches a year at prices less than half of what it cost per launch 10 years ago?

You clearly don't know much about the space launch business, of which SpaceX owns 85% of GLOBAL launch capacity.

[jshm2]

Obviously..

Its assets are only worth around 70 billion.

[Jersey2]

If ypu want to buy, try late December when things cool off. That is what I will do. I probably own some already through index funds though.

[NotSomeUserName]

It is probably worth a lot of money because of the rockets.

[_Jenny_]

@Kelly6 How can we know for sure?

[Kelly6]

asking those who know it.

[_Jenny_]

@Kelly6 gotcha

[Kelly6]

same.
as we are only expert in dance

[_Jenny_]

@Kelly6 yes 💃

[msc545]

Yes, of course it is.

[robocop666]

how does it make money?

[Kelly6]

starlink internet

[robocop666]

so thats how they make a fortune? I dont get it

[RCONFIGURATION1]

It just might be

[leviopperman]

yes.