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Indeed and it’s almost sad. The core of SpaceX is an amazing engineering company with real assets and a serious moat. Thats realistically maybe worth 250-400B-ish as a serious hardcore company.

Then there’s all this other hype and nonsense tacked on to make a franken-company that’s just making a circus of the core story.

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> Indeed and it’s almost sad. The core of SpaceX is an amazing engineering company with real assets and a serious moat.

Completely. As if "We dominate the space launch and satellite internet markets" isn't enough, they're trying to tack on all this hypothetical stuff to inflate the valuation. Maybe some of it will come true in 50-100 years, but I'd bet a lot of it won't (c.f. https://en.wikipedia.org/wiki/List_of_predictions_for_autono...) because telling the future is hard.

It'll be a real shame if the core, cool engineering that's happening at spaceX gets compromised by all the shenanigans going on elsewhere.

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