r/wallstreetbets

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I’m genuinely trying to understand the bull case, not argue.

At a potential $1.5T+ valuation, what is the actual revenue and profit path that gets SpaceX there?

My hesitation is that the core Starlink thesis seems somewhat self-limiting. The original value proposition is providing internet where traditional broadband isn’t available, but many of those underserved regions also have lower purchasing power. If customers can’t afford conventional broadband today, why should we assume they’ll become highly profitable Starlink subscribers tomorrow?

Beyond that, Starlink’s highest-value customers appear to be airlines, cruise ships, governments, militaries, and remote enterprises. Those are valuable markets, but are they truly large enough to support a valuation that would place SpaceX among the most valuable companies in the world?

For context, companies worth $1T-$3T typically generate tens or even hundreds of billions in annual profit and hundreds of billions in revenue. What specific revenue streams do SpaceX bulls believe can realistically scale to that level?

IBM and the Department of Commerce announced that each will contribute $1B to Anderon, a new subsidiary of IBM headquartered in Albany, NY. This will be a 300mm wafer foundry specifically built for quantum chips. Let's hope IBM doesn't fumble this like so many previous projects like Watson.

Anthropic has committed to paying nearly $45bn to SpaceX over the next three years to secure computing capacity for running its Claude AI software.

Could Spacex be the most overhyped company of all time? Even more overhyped than Tesla? Could it be possible one of the worst IPO’s of all time in terms of what the financials actually are and what its valuation is going public at? They lost over $1 Billion last quarter… how on earth are they worth anywhere close to $1.5T?? It’s all hopes and dreams of putting data centers in space and that won’t happen in the next 10 years and possibly never as it just doesn’t make any sense regardless of what Musk and Bezos says (they both have rocket launch company’s so they want it to happen to make money off it).

I just don’t understand how it’s anywhere close to the proposed valuation based on nothing really with no real growth story because data centers in space is not happening. So your really paying for an internet service company that only has 10 million customers and will never be as good as the big 4 telecom companies, xai that loses money hand over fist and twitter which is in the same boat. What’s the big deal over this and why isn’t any investment company calling it out for what it is??

I've been fortunate in the stock market last year and have hit a new mile stone of over 500k.

Now I've sold most of stock holdings and holding 300k in cash. I've been using the cash for mmf and collateral for short put options.

I've been getting 5 to 10k a month in short put options.

I am no longer working (employment) in order to fully dedicate to my own business and sustaining my living thru short put/mmf.

I quit my 6 figure job BTW. And I'm moving to a much cheaper city to minimize my monthly expenses.

What are your regard thoughts?

*edit: I'm moving to Shenzhen China BTW

*edit again: I AM FOCUSING FULLY ON MY BUSINESS. I am not working as an employee. Seems my grammar was poor and many of you misunderstood that I quit both.