The majority of SpaceX valuation comes from their AI projects like Microhard and so. Starlink and their rocket business is a tiny part of the valuation. In the AI business SpaceX has achieved nothing apart from creating overcapacity in their data center which they rent out for a small margin vs their huge debt to build it.
Don't trust analysts who helped on the IPO and are part of Musk's scam business!
Do your due diligence yourself and check their profit (easy, there's none), debt (huge, low quality bonds) and growth projection (in all three business areas).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments