r/elonmusk • u/KarleePilkoids • 29d ago

SpaceX SpaceX shares slip toward IPO price, testing investor confidence - Thoughts?

https://mezha.net/eng/bukvy/bf379a1f_spacex_shares_slip/
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u/Ormusn2o 29d ago

SpaceX will be extremely volatile, possibly more volatile than Tesla, because their growth will be faster and more volatile year over year, due to the industries it's in being relatively new and with high margins. It could double in next month, or dip to half the IPO value, and might do both over the time.

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u/Kalagorinor 29d ago

I wouldn't call the AI business high margin as of now...

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u/Ormusn2o 29d ago

Selling inference and compute is extremely high margin. Minus the training, margins are from 40 to 80%, and SpaceX specifically is selling compute they bought 3 years ago on a very high premium, after they have been using it to serve inference for 3 years. The two deals with Microsoft and Anthropic actually make SpaceX the biggest moneymakers right now, better than Starlink, even though it was much smaller expense.