mojofrododojo comments on SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar

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[–] mojofrododojo@lemmy.world 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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[–] gandalf_der_12te@feddit.org 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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[–] mojofrododojo@lemmy.world 1 point 3 months ago

https://www.matteast.io/spacex-escape-velocity.html

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