SpaceX Is Basically a Huge Meme Stock

Discussion (7 Comments)Read Original on HackerNews

justinclift•about 1 hour ago

* https://web.archive.org/web/20260414235001/https://www.theat...

* https://archive.md/w1p99

Seems like a weird article though, with some inaccuracy in key data:

> The company is in fact relatively small and losing money.

Whereas it's widely reported to be profitable:

https://www.reuters.com/business/finance/spacex-generated-ab...

(many reports of that same info around)

The article also contradicts itself later on:

> SpaceX’s rocket-launch and satellite-internet businesses are enormously profitable near-monopolies.

Was this article just AI generated spam? :(

adjejmxbdjdn•38 minutes ago

The article states right up front that they’re not profitable because of xAI’s costs.

So there’s nothing contradictory about it.

In the second paragraph:

> SpaceX’s annual revenue last year was less than $20 billion, and it lost nearly $5 billion, according to a new report from The Information, mostly because of xAI’s huge capital costs.

barbacoa•about 1 hour ago

They are likely including xAI and the massive training costs that entails in order to make it sound like all their ventures are losing money.

BobAliceInATree•about 2 hours ago

There's a reason why he's trying to reserve 30% of the IPO for retail investors.

hampowder•about 1 hour ago

please elaborate

killingtime74•about 1 hour ago

Bagholders

deeviant•about 1 hour ago

There are ~7 born per minute. 95% of them are retail investors.

If you want actual reason, it's because he uses it as a money battery, i.e. funding xAI and SPACE DATA CENTERS.

SpaceX Is Basically a Huge Meme Stock

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Discussion (7 Comments)Read Original on HackerNews