"The funny part about that clown's analysis is that even if every bit of bullshit he says is true, it still amounts to less than 1% of the value of Tesla and SpaceX 🤣🤣"
"Where did the other 99% come from?"
"True. I love NASA, but they will only be ~5% of SpaceX revenue this year."
"Vast majority of SpaceX revenue is the commercial Starlink system."
Tesla and SpaceX have received upward of $38 billion in government contracts, loans, subsidies, and tax credits since 2003. That government support has been characterized as representing less than 1% of the combined value of the two companies. Tesla's market capitalization is around $1.5 trillion, and SpaceX is reportedly planning an IPO at a similar valuation. NASA-related work is expected to account for about 5% of SpaceX revenue this year, while the commercial Starlink system supplies the vast majority of SpaceX revenue. Tesla faces scrutiny over self-driving and humanoid-robot plans amid slowing auto growth, and SpaceX is pursuing acquisition of xAI.
Read at Business Insider
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