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SpaceX files to go public

nytimes.com

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Re: SpaceX files to go public

#131

Post by literalAardvark »

amoss wrote: post #81
Imustaskforhelp wrote: post #62

Earlier quoted context omitted.

> The speaker seems to be generated by AI This is Patrick Boyle, he's not AI generated? Why did you feel like the speaker is AI generated?

I've watched Patrick's videos for enough years that I know he is not, but I still wonder from time to time. His voice is incredibly flat and uniform, he always uses fake backgrounds and there is extremely high use of jump cuts in his edits.

The jump cuts have been there since almost the beginning.

The community noticed he rarely blinks and he ran with the gag and edited all of them out.

Re: SpaceX files to go public

#132

Post by nickvec »

dang wrote: post #136

[stub for offtopicness] [All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]

A space company in the pursuit of profit... what could possibly go wrong.

Re: SpaceX files to go public

#133

Post by projektfu »

indoordin0saur wrote: post #113

SpaceX has reduced the cost of getting a ton of mass into orbit by a factor of 10 and with their new system (Starship) it's poised further reduce that to 100x. They launch, land and re-use their rockets so often now that what was considered impossible 15 years ago is now routine. They currently put more things into space than the rest of the world combined and by a huge margin. They also have the most advanced intern…

$16B is the top line gross revenue number.

You don't count R&D as an expense per GAAP, so...

They have claimed $8B in EBITDA, also leaving out the amortization of R&D costs.

Those aren't audited numbers, as far as I know.

Re: SpaceX files to go public

#134

Post by dmoy »

lokar wrote: post #122
dmoy wrote: post #110

Earlier quoted context omitted.

Ok fair, I forgot that QQQ is as big as it is. Edit: wait, but QQQ is float adjusted? What are the biggest not-float-adjusted index funds?

I don't know about the funds, but it's really about the index. Both for the index funds that use the index, and the active mutual funds and index funds benchmark to that index.

Why is it really about the index though, if the index fund doesn't track that public index?

If the index fund is tracking some proxy that is float weighted, isn't that what matters? At least when it comes to people's money.

Re: SpaceX files to go public

#135

Post by projektfu »

nly wrote: post #125
mrlonglong wrote: post #124

Earlier quoted context omitted.

If it goes public, does that means Musk won't own any of it? Can we rip it out of his filthy hands?

Likely only a shameful % of the company will float.

Expect a Facebook-style stock offering with 90% of the voting power in a special share class not available to retail.

Re: SpaceX files to go public

#136

Post by dang »

[stub for offtopicness]

[All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]

Re: SpaceX files to go public

#137

Post by [deleted] »

dang wrote: post #136

[stub for offtopicness] [All: please don't post unsubstantive comments to HN. You don't have to like $Company or $Person, but when the banned accounts are posting more thoughtfully than the rest, that's... bad.]

[deleted]

Re: SpaceX files to go public

#138

Post by bpodgursky »

bmau5 wrote: post #123
convexly wrote: post #120

I'm genuinely waiting to see at what the valuation lands at. The gap between what SpaceX charges per launch and what everyone else charges is so wide that the moat basically is the rocket. Hard to compare against anything even now.

Valuations are always more of an art than a science but in what world is SpaceX worth more than Meta today? Maybe the $1.75T is to find that world.

I mean... in what world is it worth less?

Meta has increasingly ephemeral digital mindshare and no AI play. SpaceX has a near monopoly on access to the rest of the galaxy.

Re: SpaceX files to go public

#139

Post by tonfa »

cosmicgadget wrote: post #112
jordanb wrote: post #15

You don't have to believe. If you have a 401k you will be an investor 15 days after launch. The IPO will go great, because the company will float a fairly small issuance. The big shareholders will not immediately sell. They will hold on and maybe even buy to support the price. Then, after 15 days, it will enter the indexes and everyone's 401k will start auto-buying this stock. You might say this is an obvious flaw in…

The indexes buy based on market cap or float?

Most serious index do float, nasdaq has somewhat different rules (but it's a weird index...)

Re: SpaceX files to go public

#140

Post by mrinterweb »

I feel the global instability could easily be very disruptive to SpaceX. Just imagine if Russia gets vindictive and starts destroying these satellites or blowing up their satellites to create orbital debris that could knock satellites out of orbit. A really bad solar storm could be devastating.

Just saying there are some decent risks, and pricing it at 1.75T IPO seems risky enough. I would not take that gamble.

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