this post was submitted on 12 Dec 2025
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A Boring Dystopia
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Not exactly sure what you're trying to say here but spacex has tentative plans to ipo at a 1.5 trillion valuation.
Wallstreet is salivating over this because they know they get in first and will make bank when retail investor drive the price to ridiculous levels.
I'm saying that it isn't so profitable to make anywhere near that amount of money in decades.
I doubt spacex is profitable. The ipo is so they raise cash. They probably burned it all up with the starship failures.
I'm sure on paper it will look profitable same as Tesla looks profitable from certain angles but is actually propped up by the ability to create more shares. He'll do the same with spacex. Bleed it for his own gains.
I don't think he actually cares about any of this tech. It's the only explanation for how he keeps wasting first mover advantage.
Yeah, but its profits (for 2025 at least) are <1/100th of that - so that valuation is bound to collapse very quickly...
And of course it'll end up being the regular people who get screwed when that rug pulls.