Not going to waste my time watching this video, but
"SpaceX (+xAI) is not a promising business." Yes it is.
"There are not enough people in the world who can both afford and need satellite internet to justify valuations" This implies SpaceX is nothing more than Starlink as it is today, which is naive and short-sighted. It's inevitable that Starlink will launch their own phone or similar device, and provide internet to the automotive industry as cars become more connected and autonomous. Currently Starlink makes $50k per month per aircraft, and this number will only increase as more airlines sign up. Starlink has only just got started, and it's just one piece of SpaceX.
"The data centers in space narrative doesn't make sense economically." I don't buy that. If there's anyone who can make it work it's an Elon Inc company. The lack of cooling required and energy available from the sun in space immediately gets my attention.
"The IPO is specifically engineered to turn retail investors into exit liquidity." This can be said for every IPO. They're raising cash – it's not really a secret.
"Elon dictated terms to NASDAQ..." Maybe, but this will be the biggest IPO of all time (I think?) – he's in a good position to make those kinds of demands, and it's urgent for him for SpaceX to rapidly scale their projects and have access to capital from a high valuation.
Not going to waste my time watching this video, but
"SpaceX (+xAI) is not a promising business."
Yes it is.
"There are not enough people in the world who can both afford and need satellite internet to justify valuations"
This implies SpaceX is nothing more than Starlink as it is today, which is naive and short-sighted. It's inevitable that Starlink will launch their own phone or similar device, and provide internet to the automotive industry as cars become more connected and autonomous. Currently Starlink makes $50k per month per aircraft, and this number will only increase as more airlines sign up. Starlink has only just got started, and it's just one piece of SpaceX.
"The data centers in space narrative doesn't make sense economically."
I don't buy that. If there's anyone who can make it work it's an Elon Inc company. The lack of cooling required and energy available from the sun in space immediately gets my attention.
"The IPO is specifically engineered to turn retail investors into exit liquidity."
This can be said for every IPO. They're raising cash – it's not really a secret.
"Elon dictated terms to NASDAQ..."
Maybe, but this will be the biggest IPO of all time (I think?) – he's in a good position to make those kinds of demands, and it's urgent for him for SpaceX to rapidly scale their projects and have access to capital from a high valuation.
-Tom