@GrowaGardenRblx I do not like even the idea of having the devs of GAG promoting another copycat game called GAG2, betraying the original GAG playersโฆ Greed should not be promoted. Shame on you!
@GrowaGardenRblx@GrowGamesRblx Annoying to skip admin abuse on GAG1 to launch a copycat GAG2, an useless update on GAG1 camp event as your guys are busy developing the copycat game, no clear info, no clear updates, get your sheit together and stop playing these stupid games. Please.
The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any.
SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing.
Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending.
Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with.
It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year.
Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most.
This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story.
The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.
@HungaryBased Don't just spread lies... Read or ask @grok to summarize the rules for you. As such, every state has the right to reject and return/deport any asylum seeker they deem not eligible for protection. Confirm @grok if this is true or not.
The stock market is not the same with the economy. The stock market is a sentiment based opportunity for the traders. Take Rivian who was presenting EV trucks without engines as trucks of the future - why people bought that ? SpaceX is real (except the dreams) and it is 1million times better, so here is your answer.