ddp26A forecast of the fair market value of SpaceX's businesses
Not bad for about $12-$16B in total actual revenue.
net income probably: $1.5B – $3B
P/E:500-1000
Of course people will trip overthemselves to buy it up.
Yeah, it's wild. But it's not like the P/E should be 30, what do you think would be fair?
That's the thing about SpaceX, some businesses are real businesses that can be modeled in normal ways, like the government launch contracts, and to some degree starlink.
Others, like ~all of xAI, and the starship stuff, are being valued completely independent of revenue. I predict the IPO investors will generally follow the analysis consensus today with those eye-popping numbers.