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SpaceX Investors in Meltdown Over All the Money They’ve Lost
(finance.yahoo.com)
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this post was submitted on 25 Jul 2026
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SpaceX has done some impressive engineering feats but so far the only part of the business that has been profitable is Starlink. More importantly, Elon merged his AI business into Starlink shortly before it went public. I read somewhere that approximately 93% of the value of the IPO was based on the AI side and its wildly speculative projections for future income.
My point is that it almost doesn’t matter what they do with Starship, the company is massively overvalued unless Grok suddenly becomes the most popular AI in the world and everyone begins tithing to it.