To hold $135 at a generous 30x multiple, SpaceX needs ~$60B of annual net income. Last year it lost $4.9B. So it needs $65B in profit, somehow building out of thin air the profits of Bank of America ($30B) + Exxon ($25B) + Netflix ($11B). For reference, Tesla is a mere $4B.
What an opportunity!
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Ved la partida contra Nepo que os he dejado arriba porque es una maravilla.
Y ahora una foto tierna, Madaminov y Sindarov ahora y hace 10 años, cuando los dos eran niños y estaban empezando ❤️
it's Judy!'s birthday!
Hi! I'm Bret Rhett Chet, here to tell you why you should buy and hodl SpaceX stonk. For a mere $135/share, you get pro forma tangible book value of $7.85/share, an immediate 94% dilution. New investors are putting up 48% of all capital ever invested in SpaceX in exchange for 4.2% of the shares.
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open.substack.com/pub/jasmines...
More good news coming out of NYC for actual human beings. 👏🏼👏🏼👏🏼🫂
Me acaban de pasar ESTO:
Max Kennerly
World Cup 2026
I'm sure everyone who cares has seen this, but it was exciting for me and especially my teenagers to see a copy of my translation of the Odyssey in Zendaya's hand. Great that she supported a local independent book shop. www.ktvu.com/news/zendaya...
www.sfgate.com/sf-culture/a...
Max Kennerly
Don Javier de Parla
Benjamin Dreyer
Over 5,000 mostly rent-stabilized households across New York City could finally get a fresh start after their new landlord agreed to wipe out millions of dollars in unpaid rent accumulated under the b...
