Yeah, it's wild. But it's not like the P/E should be 30, what do you think would be fair?

That's the thing about SpaceX, some businesses are real businesses that can be modeled in normal ways, like the government launch contracts, and to some degree starlink.

Others, like ~all of xAI, and the starship stuff, are being valued completely independent of revenue. I predict the IPO investors will generally follow the analysis consensus today with those eye-popping numbers.

It's hard to imagine this turn into 50-60% short term banger starting from a $1.75T market cap, I wonder if people will actually trip over themselves to buy. I had been thinking I wanted to jump on it to flip but at that price and the macro environment it may end up cratering before a pop. Seems like a sketchy buy.

I just don't think space is as useful or profitable as people think. Time will tell.

According to commentators on other threads people with any index funds will be automatically buying, no need to trip over ourselves

But consider that they will eventually own the entire observable universe excluding Earth! /s