General Discussion

The company is valued at just over 2 trillion dollars right now. I could see a case to be made for about a quarter of that and that’s generous. Starlink is the only part of it that brings in any profit right now. It’s a legit business with decent cash flow. starship is taking a ton of capex, but I get it — rocket science isn’t easy and takes a lot of money. It also actually has a moat. I can see paying a premium for the optionality for potential future growth.

As for xAI? Who the fuck knows. That’s the part Musk threw in there to simply cover up the leveraged twitter purchase. This is also drawing a lot of capex on data centers. It’s pretty insane.

So really you could say it’s three companies in one. This may have been an interesting company to own if that latter wasn’t included. Instead it basically comes with his shitty Nazi chatbot, which apparently even SpaceX engineers don’t use (I believe they decided against using Groc).