Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

SpaceX S-1

sec.gov

Post reply on HN
Print view View original

141–150 of 404 posts

Re: SpaceX S-1

#141

Post by neosat »

dmix wrote: post #62
arthurofbabylon wrote: post #45

It’s surprising just how low the revenue is for SpaceX. There are some 700+ companies with larger revenue figures, and yet just a small handful exceed SpaceX’s proposed valuation. In 2026 one gets the impression that SpaceX is a huge company, among the largest in the world. It’s wild to see that its business volume is smaller than Northrop, smaller than Apple’s peripherals alone, smaller than Avnet (heard of ‘em?).

Uber had about $11B revenue when it went public SpaceX is at $18.7B

Revenue is not the right metric when you compare space trips to trips inside a city. The more relevant numbers are EBITDA, Operating cash flow, Profits.

Re: SpaceX S-1

#142

Post by sdwr »

keeda wrote: post #109
impulser_ wrote: post #15

"in May 2026, we entered into Cloud Services Agreements with Anthropic PBC (“Anthropic”), an AI research and development public benefit corporation, with respect to access to compute capacity across COLOSSUS and COLOSSUS II. Pursuant to these agreements, the customer has agreed to pay us $1.25 billion per month through May 2029, with capacity ramping in May and June 2026 at a reduced fee" Anthropic is paying them 1.2…

Whoa. I've said before, but I think Dario severely underestimated the coming demand and ensuing need for compute, and would need to pay through the nose when the crunch hit. I suspect that Google deal also worked out better for Google. This data point supports that view. While Altman got laughed out of the room as a "podcasting bro" asking for trillions in investment in compute, Dario was going on about how difficult…

They have different personalities. I can only imagine Altman wants to stay on top of the chaos, and believes he will come out ahead whatever happens, while Dario is trying to stay realistic and mitigate worst-case scenarios.

Re: SpaceX S-1

#143

Post by chvid »

impulser_ wrote: post #15

"in May 2026, we entered into Cloud Services Agreements with Anthropic PBC (“Anthropic”), an AI research and development public benefit corporation, with respect to access to compute capacity across COLOSSUS and COLOSSUS II. Pursuant to these agreements, the customer has agreed to pay us $1.25 billion per month through May 2029, with capacity ramping in May and June 2026 at a reduced fee" Anthropic is paying them 1.2…

As far as I can Google the colossus data centers did cost about 7-10 and 18 B respectively.

Renting them out in part at 1.25 B pr month sounds like a very good deal for spacex.

Re: SpaceX S-1

#145

Post by dbalatero »

fragmede wrote: post #59
LarsDu88 wrote: post #35

Earlier quoted context omitted.

With these kind of made up numbers, they might as well have simply used the fucking Kardeshev scale. Just compute the energy output of the Sun and claim they'll build a Dyson sphere around it. Can charge a nice hefty subscription fee for using the Sun, just like Netflix.

Shhh, that's SpaceX's real play. Put a giant sun shade between the Earth and the sun, and make everyone on Earth pay for sunlight. No pay? No crops. No food. Solves global warming.

Damn, another Simpsons already did that with Mr. Burns' sun blocker.

Re: SpaceX S-1

#146

Post by inemesitaffia »

TheAlchemist wrote: post #4

Finally ! Can we end the debate about how mind blowingly profitable this company is ? Mind you, those numbers don't take into account YET the Twitter debt / xAI merger burden - which will run into tens of billions per year. I just can't, can't wait until this whole Musk fugazzi finally blows up.

>those numbers don't take into account YET the Twitter debt / xAI merger burden

Clearly untrue. Given that's the source of the reported steep losses

Re: SpaceX S-1

#147

Post by s2cdd »

keeda wrote: post #109
impulser_ wrote: post #15

"in May 2026, we entered into Cloud Services Agreements with Anthropic PBC (“Anthropic”), an AI research and development public benefit corporation, with respect to access to compute capacity across COLOSSUS and COLOSSUS II. Pursuant to these agreements, the customer has agreed to pay us $1.25 billion per month through May 2029, with capacity ramping in May and June 2026 at a reduced fee" Anthropic is paying them 1.2…

Whoa. I've said before, but I think Dario severely underestimated the coming demand and ensuing need for compute, and would need to pay through the nose when the crunch hit. I suspect that Google deal also worked out better for Google. This data point supports that view. While Altman got laughed out of the room as a "podcasting bro" asking for trillions in investment in compute, Dario was going on about how difficult…

[flagged]

Re: SpaceX S-1

#148

Post by yibg »

jfengel wrote: post #24
Eldodi wrote: post #3

Crazy this company will IPO for >1B with such bad financials! That said, Starlink seems to be a real cash machine, not as good as ads but enough to support AI bets. 2025: - Revenue: $18.7B, up from $14.0B in 2024 - Operating loss: -$2.6B - Net loss: -$4.9B - Adjusted EBITDA: $6.6B - Operating cash flow: $6.8B - Capex: $20.7B Segment breakdown: - Starlink / Connectivity: $11.4B revenue, $4.4B operating income, $7.2B a…

That's kind of the whole point of a stock market. If you already had a solid revenue stream, you wouldn't need investment. These numbers would be kind of typical for a software play, since the great thing about software is that you write it once and then sell it many times. They're making a similar assertion for hardware: "fund rocket ship design, and sell it many times (i.e. lots of launches)". The weird looking par…

These numbers would be ridiculous even for a software play. < 20B in revenue at almost 2T valuation? That's almost 100x revenue multiples at a not so great revenue growth rate.

Re: SpaceX S-1

#149

Post by kennethrc »

impulser_ wrote: post #15

"in May 2026, we entered into Cloud Services Agreements with Anthropic PBC (“Anthropic”), an AI research and development public benefit corporation, with respect to access to compute capacity across COLOSSUS and COLOSSUS II. Pursuant to these agreements, the customer has agreed to pay us $1.25 billion per month through May 2029, with capacity ramping in May and June 2026 at a reduced fee" Anthropic is paying them 1.2…

> COLOSSUS and COLOSSUS II

https://www.imdb.com/title/tt0064177

It may be sick, but someone's got a sense of humor over there :)

Re: SpaceX S-1

#150

Post by Rebelgecko »

Eldodi wrote: post #3

Crazy this company will IPO for >1B with such bad financials! That said, Starlink seems to be a real cash machine, not as good as ads but enough to support AI bets. 2025: - Revenue: $18.7B, up from $14.0B in 2024 - Operating loss: -$2.6B - Net loss: -$4.9B - Adjusted EBITDA: $6.6B - Operating cash flow: $6.8B - Capex: $20.7B Segment breakdown: - Starlink / Connectivity: $11.4B revenue, $4.4B operating income, $7.2B a…

Spacex has been playing fuckfuck games in recent months to boost their subscriber numbers.

The day after I got my dish I got an email that the price of the base plan would double. They also sent residential subscribers "free" dishes, which a ton of people took them up on right before the price change

Post reply on HN