SpaceX - An Interactive Home Entertainment Saga
Author mocks the absurd GICS classification of SpaceX as 'Interactive Home Entertainment', noting it doesn't even compete with Netflix.
I just adding the key information about Space X and here is what I found out:
Company Name: SPACE EXPLORATION TECHNOLOGIES CORP (Nasdaq)
Global Industry Classification Standard:
- Sector: 50 Communication Services
- Industry Group: 5020 Media & Entertainment
- Industry: 502030 Interactive Media & Services
- Sub-Industry Code & Name: 50203020 Interactive Home Entertainment
I would have never guessed that Space X is an 'Interactive Home Entertainment' company.
I understand that most of the revenue today comes from StarLink but honestly... building rockets, going to the moon and beyond and when your granny asks you, what the rocket company you work for is all about, and you have to answer truthfully: 'We are all about interactive home entertainment'... it simply does not compute.
I mean, they are providing wireless services to their customers, they are not competing with Netflix or whatever... or did I totally missed the home entertainment part especially when it comes to interactivity?
Has anyone a real inside, why the StarLink part of Space X was declared 'Interactive Home Entertainment' or is this information wrong?
Crazy times...

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