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Valor Media Network @valormedianetwork.bsky.social
Jul 3, 08:52 PM

SpaceX's real advantage is their rocket technology. Building satellites is one thing, but getting them into orbit cheaply and reliably is what changed the game. Hear more from @hardpoints.bsky.social now. ๐Ÿ”— youtu.be/HrmLjejlgs0?...

๐ŸŽค Whisper Transcript (en) โฑ 57s

"the IPO valuation is just way out to lunch. And there's a bigger kind of conversation to be had about as far as like multiples on earnings that you should be able to use there. And when you look at it's like the earnings, the big moneymaker for the whole SpaceX IPO was around Starlink. That's like a very profitable, good kind of exclusive business. But people really, I think undervalued because it's not a super profitable arm there is the delivery system platform, which is SpaceX rocketry that gets it to space. And that's the critical feature and function here. Cause it's really not that complex to put together like a mesh network of satellites if you have the ability to get them into space. But it's hard to get shit into space. So like that rocketry is the thing that's really, really cool in like what SpaceX has developed."

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Valor Media Network @valormedianetwork.bsky.social ยท Jul 3, 04:04 PM

SpaceX's real advantage is their rocket technology. Building satellites is one thing, but getting them into orbit cheaply and reliably is what changed the game. Hear more from @hardpoints.bsky.social now. ๐Ÿ”— youtu.be/HrmLjejlgs0?...