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Verge vs Elon Musk: Why SpaceX Isn’t a Meme Stock

It’s funny how Verge keeps criticizing @elonmusk. But let’s be fair: where it gets things wrong is that it treats SpaceX almost like a meme stock and focuses too heavily on its inflated valuation:

  • Starlink is ALREADY a real global business with growing recurring revenue
  • International expansion effectively turns it into a major US export business.
  • SpaceX has a strong moat because it controls both satellite production and launches
  • Aviation, maritime, mobile connectivity, and defense contracts could become large businesses (just take a look at Palantir!)

SpaceX is not another WeWork... not even close

Verge vs Elon Musk: Why SpaceX Isn’t a Meme Stock

Originally posted on X

PS: I'm pretty active on 𝕏 if you'd like to follow along

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