Starting trading for SpaceX today with a mind-blowing valuation of around $1.75 trillion.
Honestly, that number is inflated and doesn't make sense.
The company launched in 2002 with just $24 million, and now it's worth nearly $1.75 trillion, skyrocketing 25% right after trading began.
In my opinion, their biggest asset is satellite internet; even if we exaggerate its estimate, it shouldn't exceed $150 billion. The rest is just promises and dreams, like transporting humans to Mars.
If they offered me a free trip to Mars with a 100% safety guarantee, I wouldn't go. What would I do there? Stare at rocks, deserts, and mountains? I could hit up a nearby spot with better views and be back the same day.
Head to Thumama, wear oxygen tanks, and imagine you're on Mars.
Have fun, and if you get bored, just take off your tanks and head home.
Hollywood has influenced people's thoughts and perceptions.
It's strange how American companies are now valued in trillions as if it's normal. A few years back, in 2012, we were amazed that Apple hit a trillion dollars. Now there are companies worth trillions and more.
Trillions in company valuations are just thrown around casually.
The real question is: these valuations are all based on growth, but what growth are we talking about when AI is threatening millions of jobs?
If people lose their jobs and incomes, who will buy these companies' products later?
These are questions that need some serious thought.$SPCXB
Honestly, that number is inflated and doesn't make sense.
The company launched in 2002 with just $24 million, and now it's worth nearly $1.75 trillion, skyrocketing 25% right after trading began.
In my opinion, their biggest asset is satellite internet; even if we exaggerate its estimate, it shouldn't exceed $150 billion. The rest is just promises and dreams, like transporting humans to Mars.
If they offered me a free trip to Mars with a 100% safety guarantee, I wouldn't go. What would I do there? Stare at rocks, deserts, and mountains? I could hit up a nearby spot with better views and be back the same day.
Head to Thumama, wear oxygen tanks, and imagine you're on Mars.
Have fun, and if you get bored, just take off your tanks and head home.
Hollywood has influenced people's thoughts and perceptions.
It's strange how American companies are now valued in trillions as if it's normal. A few years back, in 2012, we were amazed that Apple hit a trillion dollars. Now there are companies worth trillions and more.
Trillions in company valuations are just thrown around casually.
The real question is: these valuations are all based on growth, but what growth are we talking about when AI is threatening millions of jobs?
If people lose their jobs and incomes, who will buy these companies' products later?
These are questions that need some serious thought.$SPCXB