Re:SpaceX Revenue Doubled to $4.6B in 2022 Versus 2021
by ryandrake on Thursday August 17, 2023 @06:12PM
(#37168897)
I think what amazes OP is that "convincing people that profit will happen in the future" produces better stock value than actual profit happening today. We all know that's how it works but it's still amazing. The market is clearly showing that a bird in hand is worth less than two that might be in the bush 10 years from now.
Re:SpaceX Revenue Doubled to $4.6B in 2022 Versus 2021
by JumpinJack_Cash on Thursday August 17, 2023 @06:24PM
(#37169035)
> > This has always been the case
Musk is 50, already past his intellectual prime. Has been an entrepreneur (or at least he claims) ever since he was 20.
If he hasn't delivered any profit in 30 years, it's clear that his business model is based on politics, subsidies and aggressive promotion to sell the stock and enrich himself as opposed to building something that improves the quality of life of the avg. citizen.
Re:SpaceX Revenue Doubled to $4.6B in 2022 Versus 2021
by inemesitaffia on Friday August 18, 2023 @04:04PM
(#37181342)
No profit in 30 years? You know people can count?
Are you one of these people who believe contracts/loans are subsidies?
Sears or Ford may have produced a ton more in profit than was, as you say, put into the company. But the current valuation is based on what profit the market believes it will produce in the future.