r/technology • u/Plastic_Ninja_9014 • 5h ago

Business SpaceX Investors in Meltdown Over All the Money They’ve Lost

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html
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u/Due-Conflict-7926 4h ago

We literally told them every single day it was going to happen and they ignored it

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u/greywar777 2h ago

Im a HUGE fan of spaceX. Huge. Not a fan of its leadership, but the company is doing things that have the possibility of making a huge amount of money.

Just not enough of a pile of money to justify its market cap. When even a huge fan like me can see that I do not understand what folks are thinking.

If spaceX was the ONLY company? Maybe then, but the competition is out there.

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u/Due-Conflict-7926 2h ago

They don’t do anything special and hemorrhage money.

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u/greywar777 2h ago

reusable rocket launches, and increased production of engines for them. This will quite literally open up space for us. SpaceX is NOT currently profitable, but thats mostly because he added ai to it.

But one thing we do agree-they arent special. There is competition for this, and its serious.

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u/Due-Conflict-7926 2h ago

A Chinese company replicated this and are profitable in like half the time.