The valuation of spacex is nothing to do with it’s space activities. I don’t understand how anyone writing any finance adjacent piece doesn’t understand this.
Makes you realise how almost every piece out there is written by people without a clue.
But but but what about those data centers they’re going to put into space? They wouldn’t just lie about stuff like that!
Yeah, it’s called a scam
I don’t get it. Why? I could understand if economy was blooming and people were looking for money sink, but now? Idk.
Because unlike AI, there is actual money to be made in space. Elon has little to do with SpaceX besides the grand mission statement, and SpaceX engineers have said as much that employees mostly just humor him and then do the real engineering.
So yes, they will be going to the moon. Three years ago super heavy couldn’t get out of the atmosphere, now they’ve had several successful launches and catches. 20 years ago reusable rockets were a pipe dream that NASA gave up on because ‘it would be too difficult,’ now there are more Falcon 9 launches than any other rocket in history.
The business is there, the science is there, the engineering is there; and that means lunar resource hunting is in sight. and with that we have stellar construction, and then we have everything we need to start, at the very least, microgravity clean room manufacturing, if not asteroid mining, and if not potential colonization.
NASA is doing the science to take out risks for these things, Capital will capitalize on these things after the public pays for the finer points.
