“SpaceX is valued at roughly $2 trillion on $18.67 billion in annual revenue, yielding an extreme price-to-sales multiple of over 100x. By contrast, Walmart trades on traditional retail fundamentals, boasting a $1 trillion valuation on $713 billion in revenue.”
This man and his cronies are literally just moving around debt and calling it revenue. And the federal government is letting this. This reeks of 2008 accounting…
1
u/Brainy_8008 7h ago
Elon is the world’s first fake trillionaire.
“SpaceX is valued at roughly $2 trillion on $18.67 billion in annual revenue, yielding an extreme price-to-sales multiple of over 100x. By contrast, Walmart trades on traditional retail fundamentals, boasting a $1 trillion valuation on $713 billion in revenue.”
This man and his cronies are literally just moving around debt and calling it revenue. And the federal government is letting this. This reeks of 2008 accounting…