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Prairie Gates

(8,526 posts)

7. Who could have known that there was a massive downside risk to being hyperpartisan and nationalist

Reply to question everything (Original post)

Tue Jun 2, 2026, 07:01 PM

14 hrs ago

in an industry that requires government contracts both foreign and domestic. And an early entrant into an industry with a lot of downstream competition coming online.

Seriously, what Democratic administration for the next 40 years won't be tempted to zero out SpaceX contracts the way Elon and his merry band of idiots zeroed out NEH grants?

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flamingdem GentryDixon

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SpaceX valued at just $780 billion by Morningstar, less than half its IPO target [View all] question everything 15 hrs ago OP

stupid piece of crap is only 'worth' a few 100 million. Everything else is HYPE. don't fall for it !! dave99 15 hrs ago #1

"only 'worth' a few 100 million" EX500rider 14 hrs ago #4

revenue -- final line ? dave99 14 hrs ago #6

If Starlink income wasn't swamped by xAI losses it might be a decent investment. pat_k 10 hrs ago #13

Their revenue is less than their expenses. Shipwack 7 hrs ago #22

Trump said his shit "company" was worth at least $100 at it's IPO all those years Bengus81 57 min ago #31

Musk is counting on irrational exuberance among his cult followers to keep early demand high for the stock muriel_volestrangler 15 hrs ago #2

Over the last year I have backed out of all my large-cap and index-tracking funds. paulkienitz 9 hrs ago #17

The forced Nasdaq buying sure looks like a scam flamingdem 7 hrs ago #20

Lots of competition in Space Exploration bucolic_frolic 15 hrs ago #3

I doubt even that makes sense. Nt BootinUp 14 hrs ago #5

Who could have known that there was a massive downside risk to being hyperpartisan and nationalist Prairie Gates 14 hrs ago #7

I hate that the SpaceX piece of shit will probably be added to my XMAG ETF. pat_k 13 hrs ago #8

$60 to $70 billion tops WSHazel 12 hrs ago #9

And Elon Musk owns approx. 42% of Space X, so his net worth will increase by $750 billion and send him... OGBuzz 12 hrs ago #10

i think teh IPO will mark a market top moonshinegnomie 11 hrs ago #11

Wouldn't nvidia be the beneficiary of Space X success? flamingdem 7 hrs ago #21

The felon shoveling hundreds of millions of our tax dollars at the Mag 10 is propping things up. pat_k 5 hrs ago #26

it may be moonshinegnomie 44 min ago #32

Can SpaceX install data centers in space on Elon's timeline? eringer 10 hrs ago #12

There is no good business case for data centers in space. paulkienitz 9 hrs ago #16

Environmental Issues Must be Overcome eringer 8 hrs ago #18

There is no way you can make the math work paulkienitz 6 hrs ago #24

Lots of technical reasons against it happening, too. Shipwack 7 hrs ago #23

Agree that the problems seem insurmountable eringer 4 hrs ago #28

How many times have Elon's timelines been met? LudwigPastorius 8 hrs ago #19

...like they're making "short work" of the Starship? paulkienitz 6 hrs ago #25

Well maybe if Muskrat should fix the issue of his rockets exploding.................. turbinetree 10 hrs ago #14

Musk's rockets don't explode, they experience unscheduled rapid disassembly pat_k 4 hrs ago #27

Morningstar is being wildly optimistic. paulkienitz 9 hrs ago #15

My 23 year old Mercedes is worth at least forty million dollars. twodogsbarking 1 hr ago #29

and looks like barbtries 1 hr ago #30