That is definitely true. They do help NASA and re use rockets which is amazing. But how profitable is that segment of their business? Because looking at their small revenue, basically all of it is coming from starlink right now.
But who knows, maybe with the cash from this public offering they can substantially grow the business. Which will then substantially grow the revenues to match this insane valuation. Iโm just saying right now this valuation is insane. Itโs already pricing in a future that hasnโt happened yet. And itโs pricing in everything going perfectly right.
๐ค you have yourself a bet then Brandi.
I agree with your long term bullish outlook also. (10+ years) But I just think these next 5-10 years are not going to be as bullish as we think. I could be completely wrong though..
But at this price, itโs already pricing in everything working perfectly. No hiccups whatsoever. The first snag SpaceX catches itโs crashing down.
Sure, starlink is good and growing. But itโs basically the only real revenue spacex has right now. Are we betting on Xai to overtake Anthropic or ChatGPT? Maybe it could.
Basically what Iโm saying is at this 2.5 TRILLION valuation. Spacex would need to massively grow its revenue in the next 1-5 years. And I just donโt see that happening. Again I could be completely wrong. But Iโll take your bet on the next 5 years. Letโs see if it hits $400 or $100 first over the next 5 years. ๐๐