Post #3837197
2026-06-06 11:18 UTC
RE: https://mastodon.social/@bkastl/116702515898083374
Don't forget that SpaceX was profitable with the Falcon 9 launches until they started the boondoggle of building "the world's largest reusable rocket", before Elon force-merged xAI and Twitter to SpaceX. Just the launch business was a fine business. Starlink is somewhat dubious given the satellite replacement cost never mind the ethics of losing view into the stars, but that was still on the fence.
This SpaceX, though? Strip it for parts, bury Elon in the remains.
Replies (1)
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@osma@mas.to 2026-07-15 16:48
SpaceX listed at $135 and is now trading below that. Still massively overvalued for at least the launch business (which could be profitable, but is smaller) and the AI business (which will lose money for the foreseeable future), quite likely also for the telecom business.