The world just paid $2 trillion for a rocket company that lost $4.9 billion last year. And the rockets are not why it lost the money. They are the only part making any.
SpaceX went public Friday, the largest IPO in history. Up 19%, a $2 trillion valuation, Elon Musk the first trillionaire. Then you open the filing.
Three businesses sit inside it. Starlink, the satellites, brought in $11.4 billion, 61% of all revenue, and $4.4 billion in profit. It is the only piece that earns a dollar. The rockets that land themselves run a small loss reinvesting in Starship. And the AI arm, Grok plus the app once called Twitter, folded in this February, lost $6.4 billion in a single year on $12.7 billion of spending.
Read that again. The satellites pay for everything. The AI loses more than the satellites make. And the AI is the part the market fell in love with.
It gets bolder. The prospectus claims a total market of $28.5 trillion, the largest any company has ever put in a filing. Larger than the GDP of the United States. That is the number underwriting a $2 trillion price tag built on a division bleeding $6 billion a year.
Now the structure. About 4% of the company trades. That sliver sets the price for all of it. Musk is locked up for 366 days and holds roughly 80% of the votes. The public bought a company they cannot steer, priced on the one segment losing the most.
This is the whole year in one ticker. The profit is satellites. The story is AI. The market bought the story.
The rockets were never the risk. The risk is a $2 trillion price resting on the one bet that has yet to make a cent.
🤑 Oh well, another guy is officially a millionaire. A month ago, he spent $756 on $HAT and now he's laughing all the way to the bank with $1.26M. Sweet, right?
But let’s be honest for a sec—while this is definitely a success story, there are plenty of folks out there who lost a lot more. The chance you’ll be in his shoes? Yeah, it's around 0.01%. So, while this is a nice win, don’t expect it to be your daily reality.
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The user received 12,000 $MIRA tokens from an airdrop.
Registration for claiming ends on 2nd October, 11:00 UTC.
It highlights a "Registration & Eligibility Checker" for users to verify if they can claim.
There’s a button to visit claiming site, as well as options like "Try other Credentials" and "Share on X".
⚠️ Important Note: Many airdrop claim posts like this can sometimes be scams or phishing attempts, especially if they ask users to connect wallets or enter private keys. Always verify through:
The official project’s website or social media channels.
Legit news outlets like Cointelegraph, Coindesk, or official exchange announcements.
Ensure the claiming link is authentic and not a fake domain.
👉 If you’re considering claiming $MIRA , I suggest double-checking its legitimacy before connecting your wallet.
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