My only real issue with SpaceX is that Elon has mastered the art of hiding real jewels (in this case the Starlink business) behind a whole pile of shit, and then forcing you buy the whole thing as a package.
Having X and Grok be bundled with SpaceX (muh datacenters in space) is like SolarCity on steroids.
With regards to the index discussion, my over/under on an ETF that tracks the index minus SpaceX is like two months post IPO.
Real jewels aren't trying to grow into a shrinking TAM that's being whittled away by the expansion of terrestrial wireless farther into the not yet served, but rich enough to be served countryside in places where that demographic exists.
Real jewels aren't trying to grow into a shrinking TAM
Why do you think TAM is shrinking? It's pretty clear, to me at least, that Starlink is basically one of a kind military contractor that has a freeway to both raise prices and expand offerings.
Civilian market sure, but it's pretty clear the milltech path is going to be a money printer for satellites and it looks like you have a clear moat (i.e European sattelite companies won't be able to bid on those contracts).
Comments
My only real issue with SpaceX is that Elon has mastered the art of hiding real jewels (in this case the Starlink business) behind a whole pile of shit, and then forcing you buy the whole thing as a package.
Having X and Grok be bundled with SpaceX (muh datacenters in space) is like SolarCity on steroids.
With regards to the index discussion, my over/under on an ETF that tracks the index minus SpaceX is like two months post IPO.
Real jewels aren't trying to grow into a shrinking TAM that's being whittled away by the expansion of terrestrial wireless farther into the not yet served, but rich enough to be served countryside in places where that demographic exists.
Why do you think TAM is shrinking? It's pretty clear, to me at least, that Starlink is basically one of a kind military contractor that has a freeway to both raise prices and expand offerings.
Civilian market sure, but it's pretty clear the milltech path is going to be a money printer for satellites and it looks like you have a clear moat (i.e European sattelite companies won't be able to bid on those contracts).