So, SpaceX. They’re aiming for a public offering, a little slice of the heavens for anyone with a brokerage account. Elon Musk wants to sell more stock, naturally. It’s a business, after all. They say $1.75 trillion is the valuation they’re hoping for. That’s a lot of money, even for pretending to colonize Mars. Here are a few things to consider, because hope, as they say, is the first step on the road to disappointment. So it goes.
Starlink: Reaching for the Signal
Starlink provides internet access via satellite. It’s useful in places where regular internet isn’t, which is a surprisingly large number of places. They have subscribers. A lot of them, actually. Around 10 million now, if you believe the numbers. That’s more people than live in some countries. They added almost 5 million in a year. It’s a growth rate that makes you wonder what’s being sold, exactly. Not just internet, that’s for sure. So it goes.
More Than Just Beams
People seem to think Starlink is all SpaceX does. That’s not true. They also launch rockets. Big ones. They send other people’s satellites into orbit. It’s a profitable business, and they’re good at it. Rocket Lab is trying, bless their hearts, but SpaceX still dominates. The advantage is simple: they don’t have to pay another company to get their stuff into space. It’s like owning the bakery and the wheat field. Economies of scale, they call it. It all feels…vertical. So it goes.
This in-house capability gives them a margin advantage over companies like AST SpaceMobile, who have to outsource the launch part. Which, let’s be honest, is always the trickiest part. It’s a bit like building a really nice car, then having to hire a stranger to drive it off a cliff. Doesn’t make a lot of sense.
The Muskian Web
Things are getting…consolidated. SpaceX merged with xAI, which is the artificial intelligence arm of X, formerly known as Twitter. And now there’s talk of merging everything with Tesla (TSLA 2.07%). It’s a plan, anyway. It’s a way to create a super-company, a corporate behemoth. It’s like building a tower of blocks, hoping it doesn’t fall over. So it goes.
The idea is that Starlink’s internet service will support Tesla’s ambitions in robotaxis and humanoid robots. It’s a nice thought. A connected future, powered by satellites and algorithms. It’s also a way to sell more of everything. Because, ultimately, that’s what it’s all about, isn’t it? It’s a big machine, and we’re all just gears in it. So it goes.
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2026-03-09 03:32