Earlier quoted context omitted.
I think most people focus on bringing back far-right people to the platform, making the application inaccessible to logged out users and the failed attempts at Twitter Premium or whatever it's being called.
So far-right people shouldn't be allowed on the platform but far-left people are? Elon simply balanced the conversation.
A look into the finances of SpaceX
291–300 of 397 posts
Re: A look into the finances of SpaceX
#292Earlier quoted context omitted.
>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.
Re: A look into the finances of SpaceX
#293Earlier quoted context omitted.
I suspect that SpaceX is booking Starlink launches as revenue. My basis for this is that their launch revenue is growing much faster than their non-starlink launch schedule. We can't prove or disprove this though, since their financials are secret.
> since their financials are secret Why do you keep making comments like this in this post, when the whole point of the post is that the WSJ's reporters have viewed (and have written about) confidential SpaceX internal financials? I mean, really.
Re: A look into the finances of SpaceX
#294Earlier quoted context omitted.
It is not possible to do a fair comparison of launch costs between Falcon 9 and other platforms without knowing the true cost of Falcon 9 launches.
> It is not possible to do a fair comparison of launch costs between Falcon 9 and other platforms without knowing the true cost of Falcon 9 launches. I don't know why you're so obsessed with cost. The only thing that matters when it comes to commercial providers is price. And SpaceX, (as far as I can tell) stands alone among the medium-heavy lift providers by providing a price directly on their website. Of course, fo…
These companies will lose billions for years with this single intention.
The true cost minus the listed price adjusted for years of interest and extremely high VCreturns are all useful numbers to know because that adjusted by a risk multiple will tell you how much wealth the investors are expecting the monopolization to transfer from the taxpayer to their pockets.
Re: A look into the finances of SpaceX
#295Earlier quoted context omitted.
"clearly" is doing so much heavy lifting for you it puts both starship and sls to shame... If you have evidence to support that takeaway I'd love to see it. I don't have evidence one way or the other, though I have seen unconfirmed scuttlebutt that SpaceX is successful _despite_ Musk, in no small part due to actively distracting and babysitting him to prevent him from meddling
That's complete nonsense. There is a lot of evidence that Musk makes all the important decisions (like switching Starship to steel) while Shotwell seems to handle mostly day-to-day business. Moreover, Shotwell has, as far as I know, not actually founded any successful companies, while Musk has.
Re: A look into the finances of SpaceX
#296Earlier quoted context omitted.
> since their financials are secret Why do you keep making comments like this in this post, when the whole point of the post is that the WSJ's reporters have viewed (and have written about) confidential SpaceX internal financials? I mean, really.
SpaceX's detailed financials are secret. This is a simple fact. As a privately held corp they have few disclosure obligations. What they do disclose is usually what they want to disclose. There is no comparison between the detailed, auditable financials that we have for a project like SLS, and the one or two headline numbers that SpaceX has told us about something like Falcon 9.
No one is claiming otherwise, which is why the WSJ article based on said confidential internal SpaceX financials is so interesting.
As others keep telling you, what matters to NASA, DOD, and other SpaceX customers is what they pay per launch, not how much SpaceX's costs are per launch. Obviously, if a launch cost DOD $50 million but it cost SpaceX 9000 megazillion dollars, there would be some concern on the customer's side about whether such a launch could be purchasable again later, but a) we've had many, many dozens of launches that SpaceX has successfully pulled off, so the internal cost per launch for SpaceX can't be that many megazillion dollars. b) According to the WSJ article, SpaceX has achieved profitability as of this year, so we can now be fairly sure that the cost is, in fact, less than $50 million per launch.
Your statement that SpaceX may be booking Starlink launches as revenue is irrelevant. Hollywood accounting works because a film studio can, by shifting expenses to a particular film from elsewhere in the company, always claim that the film is unprofitable; the overall revenue and profit/loss for the studio is unaffected. The documents WSJ viewed are for SpaceX as a whole, not "SpaceX's launcher division". Even if the launcher division charged the Starlink division 9000 megazillion dollars per launch, that would be exactly balanced by the Starlink division having to book 9000 megazillion dollars of expense per launch. Again, according to the documents WSJ viewed, SpaceX overall has achieved profitability. That's a major accomplishment given it being by far the lowest-cost launch provider in the world.
Re: A look into the finances of SpaceX
#297Earlier quoted context omitted.
P/E is price to earnings, not revenue. SpaceX is insanely overvalued.
Some amount of the value baked-in assumes that SpaceX will earn money on any of the thousands of revenue sources possible in the creation and running of the first large-scale city on Mars. Maybe you think it isn't going to happen - and sure there is some risk (!) - but in the successful case, SpaceX should be worth many trillions. At least.
For that to make any sense at all, somebody would need to figure out a profitable economy for a Mars colony. Nobody has been able to do that.
Big defense contracts from the US military is where SpaceX will strike gold, if they do. All the money is in launching stuff into Earth orbit to serve some practical purpose on Earth.
Re: A look into the finances of SpaceX
#298Earlier quoted context omitted.
Surprisingly NASA, or ULA, couldn't recruit those very same citizens.
I think you’re missing the point. NASA and ULA like programs trained and built expert training to create those citizens. Being able to recruit them is a non-goal.
Re: A look into the finances of SpaceX
#299Earlier quoted context omitted.
> It is not possible to do a fair comparison of launch costs between Falcon 9 and other platforms without knowing the true cost of Falcon 9 launches. I don't know why you're so obsessed with cost. The only thing that matters when it comes to commercial providers is price. And SpaceX, (as far as I can tell) stands alone among the medium-heavy lift providers by providing a price directly on their website. Of course, fo…
That’s not the only relevant number because we know what tech has been over the past 2 decades. It’s been an effort to build non competitive monopolized markets. That’s what Uber is, that’s what the delivery services are, that’s what AirBNB is, that’s what Square is, etc. These companies will lose billions for years with this single intention. The true cost minus the listed price adjusted for years of interest and ex…
1. SpaceX will never have a monopoly over launch because it's competing with lots of governments who will never give up their rocket programs. ArianeGroup, Japan/Mitsubishi, Russia, China, and India all have active launch programs (although Russia and China are isolated right now).
2. There are a truly stupid number of startups trying to compete for a slice of the launch pie. Most of them are in the small-lift launch segment for some reason, even though it's probably impossible to run a profitable rocket launch business in that segment of the market. But there are enough companies that aspire to launch larger rockets that SpaceX needs to be on its toes.
Blue Origin, Rocket Lab, and Relativity are probably the main future competitors to SpaceX. And both Rocket Lab and Relativity have talked up prices that are equal to or lower than what SpaceX is currently offering.
3. The DoD and NASA are actively working to prevent SpaceX from forming a monopoly in the US market.
Re: A look into the finances of SpaceX
#300Earlier quoted context omitted.
P/E is price to earnings, not revenue. SpaceX is insanely overvalued.
Some amount of the value baked-in assumes that SpaceX will earn money on any of the thousands of revenue sources possible in the creation and running of the first large-scale city on Mars. Maybe you think it isn't going to happen - and sure there is some risk (!) - but in the successful case, SpaceX should be worth many trillions. At least.