It’s a category error to compare the equity value of Twitter during its purchase to the amount of cash to be raised by SpaceX during its IPO.
replyTwitter has about $13B of debt, and about $1.5B of annual interest payments (that’s how much cash it actually needs to come up with this year). SpaceX has a planned IPO market cap of $2T and plans to raise $75B cash during the IPO.
Space is raising $75B at an expected valuation of $750B so the Twitter value is just 5% of SpaceX’s IPO valuation and if it goes up then the fraction gets smaller.
replyIs 5% a footnote, maybe.
It’s a footnote because SpaceX is going to be worth trillions. If Twitter were fully written down right after IPO SpaceX’s shares might not even have a bad day.
replyIt may or may not be worth trillions. But the valuation right now based on the IPO sale price is .75 trillion. Which makes it vastly bigger than Twitter regardless.
replyIt could nonetheless be worth trillions by the end of the day.
Map out the road to trillions for us here, please.
replySpace is the next great frontier and right now every single other company, and even country, remain orders of magnitude behind SpaceX. This could change in the future and viable competitors could emerge, public ownership could ruin SpaceX, or humanity's further entry into the cosmos could be delayed (Americans circa 1969 certainly probably also felt they were on the cusp of something great). But at current trajectories you're looking at something akin to there being one company that made ships better way better than everybody else, right before the Age of Sail kicked off.
replyBro, they make 99% of the revenue providing internet connection where markets and governments have failed to provide good options. A trillion dollar valuation competing with the commodity cost of running fiber. Supporting off-grid internet is not a trillion dollar industry even combining it with all the revenue from other uses of satellites. It’s the next step in rockets which is more equivalent to better horse shoes than the age of sail.
reply"Worth" here means market cap. Which is almost completely divorced from its potential earnings.
replyA similar path to Microsoft. Being the primary gate holder to a developing market segment aka space. In our modern overvalued stock indexes they are worth 750 billion before considering future growth.
replyUFO soft-disclosure is already underway (the Pentagon releases more and more evidence). The USA will go full disclosure before the end of Trump's second term. SpaceX will be granted monopoly on the reverse-engineered alien spacetime propulsion tech, becoming the most valuable company ever. The SpaceX IPO is the final act of the plan that was set in motion when president Eisenhower signed the pact with the Zeta Reticulans (aka "the greys") at Holloman Air Force Base in 1954.
replySimple as.
Oh man, I really hope this is sarcasm :)
replyTo explore this (hopefully parody) alt history, I don't know why the us gov wouldn't waited 70 some years for spacex to reach this point to grant that monopoly versus handing it off to the usual collection of defense contractors, eg raytheon (or whatever they're called now), Rand, etc.
The Holloman Pact made the alien technology transfer contingent on launching an alien-human hybrid program. You see, the Zeta Reticulans mandate their technology to be stewarded by hybrids (similar to how China requires a 50% Chinese joint venture to gain access to their markets). The two species' geneticists started working together, and in 1971 the first viable hybrid was born: Elon Musk. Then we had to wait for the hybrid to mature, before it could be given stewardship of this sensitive technology. Meanwhile a generations-long cultural manipulation program was also underway, to prepare humanity for disclosure.
replyThis is the most rational argument in this entire discussion.
replyIt's just the plot to the X-Files, upgraded to the social media age.
replyX-Files was always part of the soft-disclosure.
replyI want to believe.
replyWell, now the "X" (X.com, SpaceX, Model X...) finally makes sense!
replySo what you're saying is we need tariffs on alien goods.
replyLet's see, maybe we'll be the Chinese for them, and they'll be hitting us with tarriffs once King Reticulani XVII gets into power.
replyOf course it's sarcasm, but if it WAS true, it would be because the government was working in cahoots with all those defense contractors all along, until the Trump administration came along and decided to privatize it, at which point SpaceX seized its opportunity.
replyHahahahahha. I love this. Brilliant work.
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