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SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortune (fortune.com)
submitted 3 months ago by to c/technology@lemmy.world
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[–] 2 points 3 months ago (7 children)

the business model today is to sell satellite internet

in rural areas, satellite internet is cheaper than cable internet if the distance to the nearest town is large enough.

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  • [–] 2 points 3 months ago (1 child)

    I understand the business pretty well, my issue is where the money is coming from to pay for it the huge costs. It may be there are enough users to sustain it and at what point will it saturate and stagnate?

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  • [–] 1 point 3 months ago (4 children)

    yeah, and they've made billions off of it.

    at this rate, it'll only take a century or two to scratch the dent on the enormous costs!

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  • [–] 2 points 3 months ago (3 children)

    have you actually looked at the numbers of cost and revenue, or are you just talking out of your ass?

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  • [–] 2 points 3 months ago (2 children)

    reuters: SpaceX generated about $8 billion in profit on $15 billion to $16 billion of revenue last year

    https://www.reuters.com/business/finance/spacex-generated-about-8-billion-profit-last-year-ahead-ipo-sources-say-2026-01-30/

    SpaceX's annual capital expenditures quintupled in two years, hitting $20.7 billion in 2025, fueled by simultaneous Starship launch infrastructure and AI data center buildouts.

    https://finance.yahoo.com/sectors/technology/articles/eye-watering-sum-spacex-spent-124427519.html

    but that debt # includes stopgap loans before the IPO

    https://money.usnews.com/investing/news/articles/2026-04-23/exclusive-spacex-refinanced-debt-with-stopgap-20-billion-loan-before-ipo-filing

    costs will only go up from here, so by all means, give musko some of your money. what could go wrong?

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  • [–] 2 points 3 months ago* (1 child)

    lol i'm not giving them money, how stupid would i be. the IPO is completely overvalued

    i'm just saying, somehow they managed to make a spaceflight company profitable on its own (excluding political subsidies), which i believe is rare actually. boeing etc just do it because they get funding from NASA. i think it is fascinating how much money can be made with satellite internet.

    anyways, i don't like musk at all. we need more competition from europe and asia.

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