this post was submitted on 19 Jun 2026
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There is literally nothing but hope behind the valuation. Same as Tesla. Just dreams and hopes.
That’s not true, it’s betting on American corruption…which is a pretty good bet.
Both Tesla and SpaceX has produced a lot of stuff, some of it pretty good. But yeah, their stock price are bit out there.
90% of SpaceXs assets are in AI Datacenters that are running grok, I wouldn't call that any good stuff, even in terms of AI. Apart from that they grifted a lot of money from the US government to produce rockets that are worse than what NASA could have delivered with the money.
The only "good" thing spaceX made is Starlink, which has about 12 million subscribers and brings in a revenue of 11 billion each year, with about 4 billion in profits. That's nothing compared to big network companies.
Wow, no. Look at what nasa is producing with Artemis. Business as usual is $2B/launch, way over budget, and years behind schedule. There is no path to launch more than 1-2/year and they depend on reusing old components with very limited supply.
In contrast Falcon 9 cost nasa less than one Artemis launch has an unmatched record of reliability, drastically reduced launch costs, made reusability practical, and has earned its place launching 80% (by mass) of the world’s payload to orbit. Nothing matches its record
I don't know why you're being downvoted, but you're right. SpaceX made a lot of advancements on its rockets and in lowering the price per launch.
This is objective. This isn't sentimental or arguable.
Stock prices shouldn't be volatile based on tweets lol
Why not?
because people's future (and even present) financial safety depends on it. the stock market is used for dead serious things, its not supposed to be a meme market.
(gestures at headline)
Hopes and dreams are a good thing, that we should all have. I want to buy the claims Musk is selling: he seems to be the only one actually selling a future and I want hope and dreams for a better tomorrow. And he has delivered, even if not exactly what he said exactly when he said it.
I understand musk is not an engineer, I understand some of his founder credits might be exaggerated. But his ability to weave an inspired vision, willingness to pay for it, ability to inspire others toward it, does deserve a lot of credit for the growth and success of both Tesla and SpaceX.
Then his dark side came out into the open … and I still want the vision pushed by Tesla and SpaceX
I dont know. To me he is intelligent but he lacks empathy and kindness. He doesn't care about people. He is that typical type of person that can figure shit out but you don't want him running humanity, unless you like dystopia.
And yet that was one of the things I used to like - like an engineer he is able to talk in technical details, focus on minutiae, but lacks social skills. Perhaps a nod toward autism. As an engineer, that personality spoke to me.
It’s only after people started worshipping him that he hallucinated having social skills or really any talent outside speaking of technology. That’s one person who should have stayed in his shell.
He was always reputed to be hell to work for also, so it’s not like I ever was tempted toward that
Yeah I think that intelligence combined with autism means he will always work very hard, because he enjoys it. But he lacks self awareness and he doesn't understand that technology is not what creates a better world. We used to think that before big tech. Now we see how horrible it becomes.
he is selling a future, but not nearly a good one.
when the musk future comes, don't cry for how the reality ended up, but eat the shit with a smile on your face.
I will happily live in an era of electric vehicles, cheap and easy access to space and all the modern functionality that brings, affordable satellite connectivity. I will happily live in a world where even the biggest trucks can keep up speed while fully loaded ~~iPhone~~ uphill, without polluting, without noise. I will happily choose a vehicle whose trip planning optimizes route and duration, automatically planning chargers as needed. I will happily live in a world where my vehicle, thermostat and home power storage can participate in a “virtual power plant” with intelligent time shifting
I hope you'll also happily live in an era where the powers discriminate against you, and try to eradicate you. the only comforting thought you will have, is there is no going back.