by square_usual
12 subcomments
- I'm assuming this is vibe coded, because it's got a bunch of the usual tells, so to the people who do this: can you please stop making stupid scrolling presentations where I can see less than a slide of information at a time? Please tell your clanker to just write a blog post instead, or better yet, write it yourself.
- You never know what inflation gonna be in futute. In some countries that turned into autocracies with strong and long standing leaders who love traditional values and religion inflation can easily be 30-70% a year.
Then not only 4.3T reachable, but even 43T.
- Tesla grew from two dudes making a sports car in their garage to being a decent EV company, despite many controversies. SpaceX is already propped up with government contracts to ship payloads to ISS. What could potentially justify 40% or so sustained growth of SpaceX? Will they create the asteroid mining industry from scratch (and make every precious metal on Earth worthless... hold on), or will they carry people to multiple planets in Solar System (so what, Mars will stay less habitable than Antarctica until the Sun blows up... hold on), or will they cover the whole world with Starlink satellites, data centers etc (which they are already doing a decent job... hold on)?
What's the secret sauce? What can Musk possibly promise this time around? More memes? He already smoked crack on YouTube, what comes next and why is this worthy of pension funds to invest into?
- It's insane to me that regulators are just letting the forced bid hack unfold with their heads in the sand as if they are unaware of what's happening or the press it's receiving.
Sometimes there are clever ways to hack the system and the regulators can react and blame poor hindsight, that's not the case here.
by mentalfist
0 subcomment
- It's amazing we're in a timeline were people let stuff like this happen, against any sane logic.
- It's funny it concludes "A line is not a law" while the entire page is just lines and charts. If you didn't know anything going in, SpaceX might as well be a company selling toilet paper for all you learned.
I've got no idea what a share of SpaceX is worth today or 14 years from now, but fully reusable rockets are going to be one of the most important engineering achievements in human history, and SpaceX appears far in the lead to getting there first. Ignoring everything else they're at the cutting edge of.
It's really just sad to me how upset how many people are about an IPO. "Imagine what a waste, if the stock market were to overvalue the company dedicated to solving the challenges required to make humanity a multi-planetary species, when this graph clearly shows we could've wisely allocated more of civilization's resources to Saudi Aramco."
by quantified
1 subcomments
- Using Tesla as a reference point for compounded stock value is interesting. From a price/earnings point of view, it's still sort of a meme stock.
by eggplantemoji69
1 subcomments
- Isn’t like 90% of their predicted revenue due to their AI products?
by 0xbadcafebee
3 subcomments
- I don't think some people understand how money works. If you say you're going to have $3.4T in revenue, someone has to have that money, and give it to you. So where is the money? Who has it? Are they spending it somewhere else right now, and will decide to instead spend it on SpaceX later? Or is the money just sitting in savings accounts, strangely not being spent or invested?
And why would they put their money into SpaceX anyway? What has SpaceX said the $3.4T will be based on?
1. Space-based AI datacenters. Yes, they actually said that. Anyone who knows anything about space and datacenters knows this is insane.
2. Starlink. They're saying they're going to make $3.4T by... running an ISP. In space.
3. Starship. They are betting that so many people want to send junk into space that it'll make them $3.4T.
4. Possible Tesla merger. This would definitely bump up the numbers. But Tesla's future depends on cars, AI and robotics. The US's electric car market is in decline (Thanks, Trump!) and BYD is producing cheaper electric cars faster (though US buyers won't buy BYD's, the US electric car market isn't as big as the global market, and is smaller since removing tax rebates). It's clearly not a real AI competitor, if they just rented out their AI datacenters to the competition. And China is churning out robots constantly that actually work and are cheap.
As you can see from other analyses (https://fortune.com/2026/05/31/spacex-tesla-odds-of-merging-...), their cash flow is actually much lower than they claim. The valuations are crazily high. SpaceX/Tesla's claims of how they're going to make money verges on snake oil.
- The animated graphics are fancy, but can anyone with a screen reader tell us how that "looks" to them? The graphics are all one SVG mixed together with different parts set to opacity: 0. The accessibility tree in Firefox gives you all the labels randomly mixed together. If that is how people with screen reader "see" it, its unusable.
Maybe make the graphic aria-hidden and add an empty tag with aria-description (or other kind of tag only screen readers see) describing the current graphic to each slide.
by notorandit
0 subcomment
- Please, correct the typo in the title!
- Wouldn't a decent growth rate in 2040 justify a fraction of the $4.3T with a greater PE/PR?
- To Be Fair: this is half of what Morgan Stanley said the metaverse would be worth, clearly they learned to be more bearish...
by killjoywashere
0 subcomment
- Elon making outrageous projections? Noooo.....
- The actual takeaway question is "is Elon Musk on a frontier of his own — or is the market extrapolating one proven outlier onto an unproven one?"
The HN title editorializes its own answer to the author's question.
by danielovichdk
2 subcomments
- I think the US is in such a fucked up place economically, that the stock market is so overheated and will cause grave inflation, but it's the only lever left to pull for the government, that it will cause havoc within the next 10 years.
SpaceX or any of AI companies for that matter is absolutely not worth their money, but they will be carried through by government legislation, because otherwise the economy will be fucked for the US.
SpaceX ... 4.3 trillion...what the fuck are you on about
- A grammar corrected title might be better as:
"Why SpaceX's 2040 Revenue Forecast of $4.3T is highly unlikely"
by sometimelurker
0 subcomment
- thx
adding a mode on this that prevents animations would be nice addition tho
by tcp_handshaker
0 subcomment
- Nostradamus would look at a 14 years in advance revenue forecast and say: "This is irresponsible."
- Vibe coded blog posts will be the end of the internet.
- Another factor I don't see mentioned: every Trump policy is inflationary. Deporting the labor base, deterring legal immigration, applying tariffs that were basically derived by taking the trade deficit with a country and dividing by 2, and now locking up 20% of the global oil market by shutting down the Strait of Hormuz.
The Fed's response will have to be to raise rates, which is going to crush the multiple of any stock whose valuation is based on the expectation of massive growth.
- The chance of US debasing currency to dig out of debt hole by brrrrting money printer is not zero.
But 15 years is also plenty of time for PRC to establish reusable and lithography to invalidate SpaceX valuation rational by driving terrestrial dc and launch to commodity prices. It's like EVs, anything PRC decides to prioritize industrially, competitors going to have a bad time, but still doesn't stop market for valuating Tesla more than all PRC auto producers combined.
Would not be out of question for finance bros to figure out how to continue decoupling valuation from reality if that keeps system going.
by sleepyguy
3 subcomments
- The US consumer cellular subscription service is around 185 billion a year and if you add business/enterprise it is around 225 billion a year. If they were able (highly unlikely) to capture that market in the US alone through Satellite Cellular service, it would be huge revenue stream. Setting up data centers in orbit (easier said than done) would be another huge revenue stream. Setting up facilities to beam down energy to earths surface could also be an opportunity.
If I learned a good lesson, it's never say never....
- I know this sounds "bad" but early in Tesla's forcasts, I've seen many "highly unlikely" articles, but Tesla ended up blowing past expectations. This one is tough too, but I hate just dismiss it as unlikely especially with Elon at the helm
- > AN ESSAY IN SCROLLS
I'd have preferred the essay. This kind of Claude Code landing page turns people off when the content is otherwise meaningful.
The target audience will be looking for any reason to excuse this logic, and by vibe coding them a website you've given them their reason.
- Is it just me or is does the large US companies stock-trade-based supposed "value" is floating in outer space with little relation to people's lives in reality? This SpaceX valuation is perhaps an outlier even among other multi-Trillion-USD companies, but aren't a lot of the "non-outliers" kind of in a bubble state?
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- I'm still struggling with the idea that 4,400 millionaires are going to be created overnight
(out of 22,000 employees)
Because many of them are going to sell sell sell at least half of their shares
Which then means the value will PLUMMET
- SpaceX already blown through a number of "... but this cannot be!" forecasts. Would not discount them easily.
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