SpaceX crash

Investor summaryBearish

Extremely bearish on SpaceX, questioning its limited satellite TAM, cash-burning rocket R&D, and unprofitable data centers.

Bear points

Satellite internet provider has a puny TAM.
Rocket company is hemorrhaging cash into an unending R&D cycle.
Data center profitability is highly questionable against construction costs.

SPCX

Post body

Now that Elon has suckered losers into funding the exit liquidity, how far does this dog turd sink? What is the real value of a satellite internet provider with a puny TAM and a rocket company hemorrhaging cash to an unending R&D cycle? And does that data center ever turn a profit over the cost of building it?

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