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A comment on SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P. Parent comment

Re:SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P by riffraff on Friday June 05, 2026 @12:16AM (#48407846)
You do realize SpaceX valuation is completely detached from the space business at this point?

Their S1 cites (by memory) a 370B addressable market for space stuff and a 27 trillion for AI.

And for AI they counted all Twitter accounts as grok users.

The Spaces eXploration company was a cool company, but it's not what's being sold to the market now.

[ Parent | on HN ]
Re:SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P by elictronic on Friday June 05, 2026 @02:33AM (#48408803)
Closer to 1.7 trillion for space. You’re quoting launch but discounting satellites and broadband.

The AI stuff is dumb and just subsidize Elons prior dumber investments.

[ Parent | on HN ]