Post #3782311
2026-07-04 23:18 UTC
Once again, the IPO ($135/share or $2.1 Trillion) was based on the success of some long term goals like space-based data centers and a Mars colony of one million permanent residents.
This is from the same guy who promised a fleet of Tesla robotaxis by 2025.
Space experts have since pointed out that the vacuum of space does not sink heat.
Some of the assets thrown into the SpaceX valuation include xAI (which is falling behind OpenAI and Anthropic) and Starlink (which is suffering from congestion problems already and cannot be scaled up).
So this is not unexpected.
Replies (2)
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@anomnom@sh.itjust.works 2026-07-05 16:03
I still want to know how having anyone on mars was supposed to be profitable. Unless a government is paying you to run a private prison there.
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@AA5B@lemmy.world 2026-07-06 16:29
Starlink (which is suffering from congestion problems already and cannot be scaled up). Where does this come from? Yes there are congestion issues at the moment and even congestion charges, isn’t this just a matter of more satellites? They only have like 10,000 but planned for a gazillion and are continuously increasing …. The very definition scalable