Is it a scandal? https://youtu.be/8rS3fTbC7TE

dupe of https://news.ycombinator.com/item?id=47604155

SpaceX has reduced the cost of getting a ton of mass into orbit by a factor of 10 and with their new system (Starship) it's poised further reduce that to 100x. They launch, land and re-use their rockets so often now that what was considered impossible 15 years ago is now routine. They currently put more things into space than the rest of the world combined and by a huge margin. They also have the most advanced internet infrastructure in the world and are poised to replace legacy ISPs and even mobile carriers in the coming decade. Oh, and they're doing all this while making a profit ($16B last year) despite their massive R&D spending and even with the money sink that is xAI their profits will be higher this year. It's hard to say that this isn't one of the most innovative and fast moving companies in the world. $1.75T maybe seems excessive, but less so than a lot of other companies out there.

I'm genuinely waiting to see at what the valuation lands at. The gap between what SpaceX charges per launch and what everyone else charges is so wide that the moat basically is the rocket. Hard to compare against anything even now.

If it goes public, does that means Musk won't own any of it? Can we rip it out of his filthy hands?

Bollocks valuation. There isn't that much demand for space and it's not that profitable.

A space company in the pursuit of profit... what could possibly go wrong.