this post was submitted on 10 Apr 2025
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Summary

Elon Musk’s SpaceX faces growing investor scrutiny amid backlash over his political affiliations and Tesla’s stock plunge.

Starlink, SpaceX’s satellite internet venture, hit 5 million users and may drive $12.3B in revenue in 2025, but experts warn its $350B valuation exceeds its actual market potential.

Limited service density, high costs, and geopolitical tensions—like lost deals in Ontario and Italy—threaten growth.

Starship’s success could unlock new opportunities, but skeptics question demand. Analysts say faith in Musk's vision, not fundamentals, underpins SpaceX’s sky-high valuation.

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[–] [email protected] 42 points 2 months ago

There is no place that this Nazi should find peace.

[–] [email protected] 40 points 3 months ago

experts warn its $350B valuation exceeds its actual market potential.

Just your standard Musk stock then.

[–] cecilkorik 18 points 2 months ago* (last edited 2 months ago)

If the USA were still a sane country I would argue that SpaceX's technology needs to be nationalized so it can be used responsibly for the advancement of humanity, especially the bulk of humanity still living on Earth, not in pursuit of profit and ownership of exoplanetary land grabs while polluting the skies and low-Earth orbit with trash.

Unfortunately in the current political reality it seems the opposite is happening, and SpaceX is going to corporatize the nation instead, and then move on to setting up the TechBros as the emperors of the solar system. I don't think this is an accident, I think they saw the writing on the wall and realized they had to strike first.

[–] [email protected] 4 points 2 months ago

It's a shame big money can hire talented people to do great things and then fuck it up so thoroughly.

[–] [email protected] 2 points 2 months ago

I wonder if that's why they're giving away the stations for free on Australia now.