It's how he hides losses though. People who aren't Musk can demand answers to questions he'd like to ignore.

As it is within the Musk empire, xAI is used to hold up X, Tesla is holding up xAI. And all of that debt is being slowly shuffled to SpaceX.

SX investor here: the combined value of SX is well up on the private secondary market post-acquisition. It was value accretive, in very real dollar terms.

What sort of liquidity is there? The other question I have is Elon is looking into nasdaq listing with passive funds buying from get go to keep the buying pressure on a low float. Any risk that's not seen?

For reference, I've been asked in the last month for a $500mm chunk of stock to a single buyer at or (slightly) above the combination price. At that price, there is no liquidity - it's below ask.

Thank you. I recently saw a bunch of (mostly) engineers join just before ipo, and at 1.7T valuation it makes you really think how much market will take it.

I never bet against Elon, and admire a lot about him, so not certainly a dig against him, just seeing what happened to figma (combined with software + ai down market) makes me really curious

Otherwise, it's an amazing chance to work directly with Elon for sure

Even if Starlink had more than a few tens of millions of customers, China mobile has 900 million subs and is worth around $250 billion. ULA was recently valued at about 1 billion. SpaceX might be possibly worth 50 times as much or maybe even 100 times as much. Falcon nine is the world's workhorse rocket, but it's just not that remarkable, and starship is utterly unproven to launch to orbit and land both stages. Starship has a payload capacity problem that must be solved to even get to the point where launching 15 refueling missions would be sufficient to get a starship to get anywhere beyond Earth orbit.

It looks like the plan is to IPO with a small float (in relative terms) and get all of the retail investor Elon fans to lineup for the rug pull.

> Falcon nine is the world's workhorse rocket, but it's just not that remarkable

The funniest part of any thread relating to Musk is how hard people go into minimizing his accomplishments.

You don't have to like the guy (I don't) to acknowledge that the Falcon 9 is an engineering marvel and ushered in an entire new era of space travel, both reusable and private.

>Falcon nine is the world's workhorse rocket, but it's just not that remarkable

Falcon delivered the vast majority of mass into orbit last year, and the year before that

>starship is utterly unproven to launch to orbit

It's already deployed test satellites into orbit. You're so intellectually dishonest you refuse to acknowledge things that have already happened.

Actually, no. Starship has deployed zero satellites to orbit. It pushed some dummy satellite simulator things out of its hilariously small satellite slot, which then fell back into the atmosphere. The starship upper stage has not completed an orbit. Neither have both stages of Starship ever been landed on those chopstick things. Elon is the Deepak Chopra of space enthusiasm. Neither of them are going to get you to Nirvana.

>It's already deployed test satellites into orbit.

No... it hasn't done this. It hasn't yet deployed anything into orbit.