Is Musk planning a “rapid scheduled disassembly” of your savings?
SpaceX reportedly wants a ~$1.75T valuation on $18.7B revenue and a $4.9B 2025 net loss: roughly 94x sales.
That’s a hardware + AI capex story being priced like a near-monopoly software platform.
Even peak-2020 “expensive” tech IPOs traded at a fraction of that multiple. xAI reportedly burned ~$14B in 2025 while generating only ~$3.2B revenue, and AI infrastructure now dominates company capex. Public investors are effectively being asked to fund Musk’s AI ambitions at SpaceX valuation levels.
And that’s before considering the super-voting share structure that leaves Elon Musk with overwhelming control and public shareholders with very limited influence.
Maybe it works. There is a dominance of Starlink and launch monopoly characteristic. But personally, I’m not taking that bet.
Geoffrey
npub1sh…k2jqf
2026-05-25 15:56:52 UTC
Author Public Key
npub1sh85qn5dgrq8gerr2lwu6v7gmn5g6300prdz56tdf42nesjfjmwq6k2jqfPublished at
2026-05-25 15:56:52 UTCEvent JSON
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"content": "Is Musk planning a “rapid scheduled disassembly” of your savings?\n\nSpaceX reportedly wants a ~$1.75T valuation on $18.7B revenue and a $4.9B 2025 net loss: roughly 94x sales.\n\nThat’s a hardware + AI capex story being priced like a near-monopoly software platform.\n\nEven peak-2020 “expensive” tech IPOs traded at a fraction of that multiple. xAI reportedly burned ~$14B in 2025 while generating only ~$3.2B revenue, and AI infrastructure now dominates company capex. Public investors are effectively being asked to fund Musk’s AI ambitions at SpaceX valuation levels.\n\nAnd that’s before considering the super-voting share structure that leaves Elon Musk with overwhelming control and public shareholders with very limited influence.\n\nMaybe it works. There is a dominance of Starlink and launch monopoly characteristic. But personally, I’m not taking that bet.",
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