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•34 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•42 minutes 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