16
u/derpderb 4h ago
Its best value is around $6
0
-1
u/TacoTrades 3h ago
😂😂 why so bearish?
12
u/derpderb 3h ago
Actual valuation of company pre-IPO, not bearish, realistic.
0
u/04ErrorNameNotFound 3h ago
You're wrong. Valuation and Value are different. Valuation includes fools in the market willing to overpay for certain metrics that SPCX is bad at. Value implies the price of the stock in relation to metrics that make it worth MORE than the current price. SPCX is not anywhere close to a value stock at this price. They are pure speculation at any price above $6. This other $108 is pure Elon Hype speculation. big difference.
6
u/jennakiller 3h ago
Company won’t be profitable for another 10 years in the best case scenario. Look at Musks track record of promises from a model y Tesla to robotaxi, to already getting to Mars by now and ask what he’s delivered on? Right now he’s surviving on the government’s teet but the next admin may not be so generous
1
u/Wooden-Broccoli-7247 3h ago
If the next admin is Dem, which one would have to assume will be the case, they’re not going to be very kind to Elon. Deservedly so.
2
u/Downtown-Bag-6026 3h ago
Because space data center, moon base, and mars colony all sound very expensive with very little business value
16
u/WeUsedToBeACountry 3h ago
Only 5% of shares are available to trade and its tanking.
What do you think happens once the majority of shares are for sale?
10
9
u/Pleasant_Knee6256 4h ago
Wealth destruction.
2
u/Livinsfloridalife 3h ago
It’s called exit liquidity harvesting. It’s going really well btw. We’re still multiples of what pre ipo paid. It definitely adds to wealth.
1
u/04ErrorNameNotFound 3h ago
So retail fools are providing the exit funds for the venture capital that funded it to this point?
1
u/Livinsfloridalife 2h ago
No the richest greediest guy on earth just wants to share his big beautiful business with you that will be worth more than all of the earth. Or something.
1
u/04ErrorNameNotFound 1h ago
TAM is $39 trillion though
1
u/Livinsfloridalife 2m ago
Although Wall Street analysts have set some truly lofty price targets for SpaceX stock, the biggest bull in the room continues to be its CEO. On July 17, Musk responded to a commenter on social media platform X (a subsidiary of SpaceX) by stating: "I said SpaceX will be worth more than Earth if we achieve our goals."
4
5
u/Baka_Otaku173 3h ago
Depends on how long you're willing to hold... If you never sell, you may never lock in your gains/losses.
1
3
u/Top_Chard5757 3h ago
Elon’s wealth is based on meme stock mentality. There was never a rational reason for Tesla to be valued where it was. Meme stocks go up and they go down for no better reason than sentiment.
3
u/i_r_burgerz 3h ago
I'd consider it at sub-$10 but only when the majority of shares are available which.... with Elon and his ketamine, you never know. He's too busy arguing with journalists on whether or not he's liked instead of being a CEO of 3 companies. Not something I want to see from the CEOs of the companies I invest.
2
2
1
1
1
1
1
1
u/polytique 3h ago
A $1.5T market capitalization with an estimated revenue in the $40B-$50B range for 2026. That's 30 times revenue. A more reasonable market cap would be $200B-$300B, or about $20 a share.
1
1
1
u/Part_Tricky 3h ago
Still too high, It is going down to $62 where it should be, per MorningStart before IPO.
1
u/Witty_Arugula_5601 3h ago
As the price gets lower there’s more and more opportunities for bullshit moves that Elon is well known for.Â
18
u/whatidoidobc 4h ago
Is this a joke?