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A comment on SpaceX IPO: Nice Try Though [video].
- AI part of SpaceX is absolute disaster, while its IPO valuation hinges on its future success.
- Lot's of questionable corporate shenanigans and accounting tricks.
- Public shareholders have zero power over Elon after IPO.
Some numbers for 1Q 2026
Launch: -660M
Starlink +1.1B
AI: -2.5B
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- AI part of SpaceX is absolute disaster, while its IPO valuation hinges on its future success.
- Lot's of questionable corporate shenanigans and accounting tricks.
- Public shareholders have zero power over Elon after IPO.
Some numbers for 1Q 2026
Launch: -660M
Starlink +1.1B
AI: -2.5B