except $4T is a made up number, a complete fantasy not rooted in any reality. it us more like $750bn (this is also made up number) :)
Critically it’s not simply averaging a bunch of made up numbers. I may think gold is worth 1,000$/kg but if nobody is willing to sell me gold at that price then my “made up” number has zero effect on the market price.
https://bsky.app/profile/patigallardo.bsky.social/post/3mnhc...
They are making more revenue off satellites than nearly every current AI subscription today put together. The launch capacity and growth in space based applications are the real company, everything else is to line Musks pockets and have markets subsidize his dumber projects.
It’s a shell game. I believe in their Space based products, but I’m not touching those investments until the market levels out.
That's tangential. The valuation is based on supply and demand, nothing else.
Amongst other things the supply part of the equation will be low because all these companies are only to make a very small proportion of their shares available on the public markets.
Their S1 cites (by memory) a 370B addressable market for space stuff and a 27 trillion for AI.
And for AI they counted all Twitter accounts as grok users.
The Spaces eXploration company was a cool company, but it's not what's being sold to the market now.
The AI stuff is dumb and just subsidize Elons prior dumber investments.
Wow, you should educate yourself on what 409A is and how it gets created before writing something like that, you'd find it in the dictionary under the definition for what my original comment was :)