30x Earnings or 0.3x Growth-Adjusted? Two Ways to Read SpaceX
Tech News Roundup10-06
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This is the biggest scam ever and obviously is lead by Elon Musk's long time buddy Adam Jonas who would sell his mother for SpaceX share sells from his clients and other people who can't do math and need video summaries like this one and Wall Street Bets "advice". Read the SpaceX S1 prospectus on what their plan and expectations is for reaching profit. Then think twice because you might now live long enough to ever see this happening. Not to mention this is all build on the fragile and overhyped AI cycle in an overcrowded market where no one, for sure not Grok, is making any profit in the next 5 years, if ever. Because AI is a commodity, you can easily switch from provider to provider or use Openrouter to run several of them with no effort at all.
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