SpaceX not the behemoth everyone thought

Sometime about 20 years ago we all got used to the idea of companies not having to actually make money on their business operations and I worry the bill for this is coming due soon

Hum... I've been out of stocks for a long while...

Is a price to sales ratio of 100 anything near normal nowadays?

EDIT: Wow, that was easy to find out. Turns out that didn't explode with the everything bubble, and almost no industry in the S&P 500 has an average above 5, the highest being a bit over 8.

Has anyone seen a detailed analysis of the starlink business that includes the cost to re-launch sats as they burn up?

Did people really believe this was a financial behemoth? Or was this just a larger bet on the conglomerate that is Musk’s quasi-meme-stock empire?

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tl;dr

> It's expected to be the largest IPO ever...but the prospectus shows just how much the IPO depends on expectations for future growth

Same goes for every IPO. One point of difference about SpaceX is those involved do have a track record for delivery.

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