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A look into the finances of SpaceX

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21–30 of 397 posts

Re: A look into the finances of SpaceX

#21

Is there a way for a mortal to buy or invest into SpaceX or are we just waiting for an IPO eventually?

Go work for them on a position that has equity as part of the compensation. Otherwise, I doubt it. Elon has been pretty vocal about regretting making Tesla public. Additionally SpaceX as a company is oriented around putting humans on mars. Until that happens, I expect a supermajority of ownership would be against the profit seeking motives that an IPO creates. Short of investing in them, you could look for companies…

Talk of putting people on Mars is how they recruit young idealistic engineers. I think to understand what SpaceX is actually about you need to understand who Michael Griffin is and what he's all about. He went with Musk when he tried to buy an ICBM from Russia; he conceived of NASA's Commercial Resupply Services program and gave the contract to SpaceX, before SpaceX had ever put anything into orbit. Ditto the Commercial Orbital Transportation Services contract. It's not an exaggeration to say that SpaceX would not exist if not for Michael Griffin.

Read about the rest of his career and I think you'll figure it out: https://en.wikipedia.org/wiki/Michael_D._Griffin#Career

Re: A look into the finances of SpaceX

#22
post #11

Earlier quoted context omitted.

If you mean is there a website where you can click some buttons and acquire shares then no, it isn't traded on any public market. Some other ways: - Invest in a company or fund that owns a significant chunk of SpaceX (like Google, Bank of America). - Convince an insider to part with their shares (either directly or through one of the secondary marketplaces). - Get a job at SpaceX.

> Get a job at SpaceX The equity upside at hire # 12,001, when the market cap is $150B... is probably not great. I mean it might be a ton of fun, I just wouldn't do it for the 100x returns.

Hold on, they have an evaliation of 150 billion, more than 30x the revenue?

Re: A look into the finances of SpaceX

#27

Earlier quoted context omitted.

> Get a job at SpaceX The equity upside at hire # 12,001, when the market cap is $150B... is probably not great. I mean it might be a ton of fun, I just wouldn't do it for the 100x returns.

Hold on, they have an evaliation of 150 billion , more than 30x the revenue?

That's pretty modest for a company with 100% y/y growth on revenue already in the billions.

Re: A look into the finances of SpaceX

#28

How are Starlink launches accounted for? Are they considered revenue? Capex? Expenses? I guess it depends on the exact corporate structure.

I can't imagine any reasonable way to book it as revenue.

Probably cap ex which means they can use depreciation to improve their bottom line numbers.

Re: A look into the finances of SpaceX

#29

Earlier quoted context omitted.

I can't imagine any reasonable way to book it as revenue.

Probably cap ex which means they can use depreciation to improve their bottom line numbers.

Wouldn't depreciation reduce their bottom line as opposed to improve it?

Re: A look into the finances of SpaceX

#30
post #23

Its revenue will almost double again this year (2023) by looking at the number of launches[1]. Definitely the most exciting company Elon has (personal opinion) [1] https://www.spacexstats.xyz/#launchhistory-per-year

I mean twit-er-x is exciting, just in a more train wreck sort of way.
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