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Wasn't it valued crazy high from the start?
#19 | Posted by REDIAL

Under normal perceptions of business valuations, revenue needs to grow ~100x year over year.

Is that possible?

"Revenue growth has ranged in recent years from 51% in 2024 to 100% in 2021." www.reuters.com

The Reuters article is from April so a lot of the frenzy wasn't priced in at the time.

Morningstar values SpaceX at $700B, less than half of current market cap. SpaceX only has one profitable customer, Starlink.

The other thing that happened in space investing is lots of money went out of smaller startups and into SpaceX. Very much looks like a bandwagon thing.

If you buy any stock at IPO, especially one whose valuation seems to be based on long-term 100x yoy growth, you're probably buying a rug pull.

More collapses ..
x.com

Guesstimates 100,000 lost their lives.

I'm Done, I'm Not in That ------ Political Party': James Carville
www.yahoo.com

Seems like Carville agrees with me, same with Corky's ------------ buddy Nate Silver.

But Corky is blind to the situation.

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