alt Hacker NewsYeah, crazy for a company with nothing but the largest civilian satellite network and what amounts to a monopoly on space flight.
Yeah, crazy for a company with nothing but the largest civilian satellite network and what amounts to a monopoly on space flight.
Profitability of space flight has a hard maximum. It’s not anywhere close to what their valuation would suggest.
There’s a reason Elon keeps trying to get investors to believe his “data centers in space” lunacy, because you need that sort of magic pixie dust to justify why any of this valuation makes sense, let alone have anywhere to go but down.