121–130 of 397 posts
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The current P/E ratio for the S&P 500 (growing far more slowly, obviously) is ~25. By many historical metrics, the stock markets are insanely overvalued these days. Far too much cash in the system, bidding up the "values" of anything that remotely resembles an investment.
P/E is price to earnings, not revenue. SpaceX is insanely overvalued.
Those numbers are pretty remarkable given how much money they are pouring into developing Starship and expanding Starlink right now. Over half of their launches have been for Starlink, and yet they are close to turning a profit on revenue from the other half and Starlink subscriptions.
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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 Commerc…
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>Elon has been pretty vocal about regretting making Tesla public That's laughable, because without making Tesla public he wouldn't be able to live the superstar uber rich lifestyle he thinks he deserves. Pretty much everything he has personally is owed to Tesla public valuation.
> superstar uber rich lifestyle to be fair that lifestyle was enabled for the rest of his life in the paypal days. i don't think anything he does now is driven by getting a new car or eating at a fancier restaurant. He's been able to have as luxurious lifestyle as possible for a long time.
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Hold on, they have an evaliation of 150 billion , more than 30x the revenue?
The current P/E ratio for the S&P 500 (growing far more slowly, obviously) is ~25. By many historical metrics, the stock markets are insanely overvalued these days. Far too much cash in the system, bidding up the "values" of anything that remotely resembles an investment.
Right. This is the same stock market that at one point said Tesla was worth more than every other car manufacturer. Combined.
Worth more than: Toyota, Volkwagen Group, Hyundai/Kia, General Motors, Ford, Nissan, Honda, Fiat Chrysler, Renault, Suzuki, Daimler, BMW, Mazda and Mitsubishi. Combined. (Plus several Chinese manufacturers: SAID, Geely, Changan, Dongfeng).
From Reuters... > In 2022, revenue doubled to $4.6 billion, helping the company reduce its loss last year to $559 million from $968 million, the WSJ reported. > The company reported about $5.2 billion in total expenses for 2022, up from $3.3 billion the year earlier, according to the report. That $5.2B of expenses got 61 successful, production Falcon rocket launches in 2022. Vs. some pretty-reasonable estimates put t…
You can't compare falcon to SLS because Falcon cannot do what SLS does. You can't compare SpaceX's figures to NASA because NASA has many, many more reporting obligations than SpaceX. Every report on Falcon 9 costs has made this mistake forever. SpaceX does not release their full costs. What numbers we have for them are PR releases. Meanwhile, NASA's budgets are public and comprehensive, and they have legal parameters…
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>Elon has been pretty vocal about regretting making Tesla public That's laughable, because without making Tesla public he wouldn't be able to live the superstar uber rich lifestyle he thinks he deserves. Pretty much everything he has personally is owed to Tesla public valuation.
what uber rich lifestyle? he owns no mansions, no yachts, and i’m not sure he has any super cars. this is a man who sleeps at the office on several occasions.
From Reuters... > In 2022, revenue doubled to $4.6 billion, helping the company reduce its loss last year to $559 million from $968 million, the WSJ reported. > The company reported about $5.2 billion in total expenses for 2022, up from $3.3 billion the year earlier, according to the report. That $5.2B of expenses got 61 successful, production Falcon rocket launches in 2022. Vs. some pretty-reasonable estimates put t…
You can't compare falcon to SLS because Falcon cannot do what SLS does. You can't compare SpaceX's figures to NASA because NASA has many, many more reporting obligations than SpaceX. Every report on Falcon 9 costs has made this mistake forever. SpaceX does not release their full costs. What numbers we have for them are PR releases. Meanwhile, NASA's budgets are public and comprehensive, and they have legal parameters…
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$1b loss in the space industry is probably the smallest loss for any business in said industry in history. Every launch of the space shuttle was a few billion used up. There has been no completion here, because before SpaceX everyone else was launching 100M-1B+ of rocket that was never reused and other than the payload was a write off. It is always financed by government because there is typically a much larger gener…
Yeah, I'm not talking strictly about SpaceX. I don't know if I have the exact name, but I'm quite sure that one of the big unicorns, probably Uber, was running for several years with multi-billion dollar losses. Again, that's utterly unthinkable for Mercedes or Renault or Mitsubish or Samsung or... They'd just go under because the rest of the world still has economic gravity, i.e. everything must come down in case of…
From Reuters... > In 2022, revenue doubled to $4.6 billion, helping the company reduce its loss last year to $559 million from $968 million, the WSJ reported. > The company reported about $5.2 billion in total expenses for 2022, up from $3.3 billion the year earlier, according to the report. That $5.2B of expenses got 61 successful, production Falcon rocket launches in 2022. Vs. some pretty-reasonable estimates put t…
You can't compare falcon to SLS because Falcon cannot do what SLS does. You can't compare SpaceX's figures to NASA because NASA has many, many more reporting obligations than SpaceX. Every report on Falcon 9 costs has made this mistake forever. SpaceX does not release their full costs. What numbers we have for them are PR releases. Meanwhile, NASA's budgets are public and comprehensive, and they have legal parameters…
Not really relevant.
The correct metric to make the comparison on is the fully amortized cost to the government per launch. The government doesn't pay for SpaceX's facilities or development - all of those costs are rolled into the launch price. But that's not true of SLS.