31–40 of 397 posts
Earlier quoted context omitted.
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.
Earlier quoted context omitted.
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…
> In December 2008, with SpaceX again on the verge of bankruptcy, Griffin awarded SpaceX along with his own Orbital Sciences company each contracts with a combined value of $3.5 billion
It's crazy how nepotism is still such an important aspect of success today.
It's very likely had they never known each other, SpaceX would not exist today, and some other company would have thrived instead.
I also don't understand how it's not a conflict of interest to award his own company that contract?
Is there a way for a mortal to buy or invest into SpaceX or are we just waiting for an IPO eventually?
> 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 the total cost of NASA's "Space Launch System" at ~$5B per individual launch.
How are Starlink launches accounted for? Are they considered revenue? Capex? Expenses? I guess it depends on the exact corporate structure.
Earlier quoted context omitted.
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?
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…
I've been investing heavily in domestic tooling, manufacturing and construction. Screw chasing only SpaceX, wouldn't you also like to capitalize on things like our gigantic semiconductor mfg build-out?
Playing the supply chain is often times better than having direct access to the thing you want exposure to. It's just not as fun for certain elements of the monkey brain to operate one or two degrees removed.
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.
Did wsj wisen up to our archive.today trick?