r/stocks
The SpaceX Launch bridge loan
Author doubts Musk's mythology, calling Tesla overvalued and suggesting AI stock pumps are a scheme to fund SpaceX's $20B bridge loan.
- Tesla's valuation far outstrips its actual value compared to other EV manufacturers.
- SpaceX's financials are weak, with serious technical issues and a concerning $20B bridge loan tied to IPO proceeds.
- Recent rallies in AI/robotics stocks might be manipulated by bots to pump the SpaceX mythology for a cash-out.
A few thoughts regarding Musk Mythology:
There’s a huge difference I think between the reality of Musk companies and his mythology and persuasiveness. He’s obviously unique in how he can shape visions and myths and raise huge amounts of money and maintain valuations on Tesla that far outstrip its value relative to other ev car manufacturers. Most likely he saw what was happening in China and then took over Tesla from the two guys Martin Eberhard and Marc Tarpenning in 2003 who founded it.
SpaceX financials are extremely low relative to the claims. The issues with the rockets replacing satellites and also actually getting into orbit are probably fairly serious and j think more worrying is the 20bn stopgap/bridge loan tied to IPO proceeds.
Additionally, given the influence of X, Grox and bots on Reddit, id not be surprised if a lot of the huge AI adjacent run up in Space and Robotics stocks was partly a campaign to sell the SpaceX mythology so to dovetail timing wise straight into his huge launch
And just a reminder that he’s well known for trashing the bureaucracy of the US while wielding a chainsaw on stage, throwing a tantrum and calling the rescuer of the Thai boys a pedo after the man noted that elons submarine wouldn’t fit through the cave entrance.