Comment Re:Go watch Patrick Boyle's video on YouTube (Score 1) 81
Amazon's valuation was insane back then, their potential for growth was anything but certain (or even likely) at the time. And the SpaceX valuation seems to have been inflated by buying the similarly overvalued xAI company, and doing a stock swap to cement those valuations. I'm sure plenty of people will jump at the chance of owning SpaceX stock at whatever price (I would have when it was just SpaceX), but in the long run?
Well, maybe. Maybe lower launch costs will open up new markets for launches. Maybe they'll get their space-based data centers to work. Maybe xAI's AI will amount to something some day. Maybe there's a vast market for sat based cellular service. Not something I'm going to bet my money on... $1.75T seems high even if they manage to achieve one or all of those things.
Well, maybe. Maybe lower launch costs will open up new markets for launches. Maybe they'll get their space-based data centers to work. Maybe xAI's AI will amount to something some day. Maybe there's a vast market for sat based cellular service. Not something I'm going to bet my money on... $1.75T seems high even if they manage to achieve one or all of those things.