wild thread on the SpaceX scam. we should nationalize and liquidate the Musk empire post haste
Seth D. Michaels
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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