Cosmic Misanthrope
1.5K posts
Well, here's some math. Starlink is a profitable business with about $11 billion of sales and $3 billion of free cash flow. It might be worth $75 billion at a frisky multiple of 25X free cash flow.
The balance----the space launch business and the AI/data centers in space fantasy----has $7 billion of sales and NEGATIVE -$17 billion of free cash flow. So why is it worth anything, unless you are pricing a dream peddled by sell-side hucksters?!
In short, after trading up to $2 trillion based on $75 billion of tangible Starlink value, where's the remaining $1.925 trillion of it?
This isn't just the classical mania of the crowds. This is sui generis--- mass insanity in a casino that has been giving a lobotomy by three decades of money-printing madness at the Fed and its fellow-traveling central banks around the planet.
Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸@jimstewartson
For $135 per share of SpaceX, you get 1/13,000,000,000th (One 13-BILLIONTH) of a company that in 2025 received $18,000,000,000 and lost $5,000,000,000 It’s allegedly worth $1,770,000,000,000 Do people not understand arithmetic anymore? Can they not count zeroes? Mass delusion.
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@RobinDuggan3 TDS instead of critical thinking. How much did he spend and why? How does that compare to what was spent before? You have no idea. Just orange man is bad syndrome.
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So MAGA is now celebrating massive taxpayer spending because the water looks prettier?
Fascinating.
When Americans ask for help with healthcare, housing, groceries, gas, insurance, or debt:
“Stop expecting handouts.”
But when Washington spends millions turning a historic reflecting pool into a blue victory lap:
“America is beautiful again!”
Got it.
Fiscal responsibility apparently ends where the photo op begins. 🇺🇸💸🏊♂️
Benny Johnson@bennyjohnson
You’re right Gavin, he did do a bang up job. Democrats allowed our capital to decay. Monuments neglected. Landmarks crumbling. The heart of our nation left to rot. President Trump is restoring Washington DC to its full glory. Decline is a choice and we finally have a President who is taking action against it. America the Beautiful is back. 🇺🇸
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@guyfelicella You watch liberal news and have no idea what reality is. Lesson complete.
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As a Canadian, I have a serious question:
How the hell is Donald Trump still in power after everything he's said, done, and been accused of?
Explain it to me like I'm in kindergarten.
Because nothing about it makes sense.
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@krassenstein Aside from the fact that Elon wasn’t here illegally, your spokesperson for the left is a treasonous crackhead. Sounds about right…
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Hunter Biden on Elon Musk:
“You’ve got some motherf-cker who’s made over $251 billion being a United States citizen, that got here and stayed here illegally before he got his citizenship, sitting here lecturing us on who we should allow into the US”
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**Honest analysis:**
Tesla *is* profitable—Q1 2026 showed ~$0.5B GAAP net income, $0.9B operating income, and positive FCF. It has generated billions in cumulative profits.
That said, with a ~$1.5T market cap, current earnings are tiny relative to valuation, and ROIC (~4-5%) is well below WACC (~14-15%). So it isn't earning its cost of capital *today*.
The stock price is driven by expectations for future growth (autonomy, Optimus, energy), not trailing profits. Musk's "$100M/hour" point is about the leverage of high-impact decisions on that massive optionality, not current accounting profits.
"Disaster" is hyperbolic; Tesla scaled from near-death to global EV leader under him. The hopium critique is fair on valuation risk, but ignores real execution progress.
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TOTAL NONSENSE from @elonmusk
One hour of his time is worth zero
since he produces virtually no profits.
This is what he financial illiterati don’t understand.
$TSLA does not earn its cost of capital.
The stock price is fueled by hopium, not profits.
Musk is a disaster when it comes to running a business.
FACTS
Jaynit@jaynitx
Elon Musk reveals the brutal math behind why a single hour of his time is worth $100 million "Tesla this year will do over $100 billion in revenue, so that's $2 billion a week. If I make slightly better decisions I can affect the outcome by a billion dollars. The marginal value of a better decision can easily be in the course of an hour $100 million" "You have to look at it on a percentage basis. If you look at it in absolute terms, I would never get any sleep. I'd just keep working and work my brain hotter, trying to get as much as possible out of this meat computer"
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@ItzKyleHomie87 @Larkin8 You have nothing to back up the claim that she is more qualified than the poster.
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@Larkin8 Genuinely… why do you care? Like seriously. It’s fine to dislike someone for whatever reason. But you’re bashing someone that’s more qualified than you are. Just remember that. 🫡
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Natalie Decker has no business on a race track and she embarrasses everyone every time she speaks. Beyond over her existence in NASCAR.
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@EthanLevins2 Who fucking cares? Dude…get off the internet and get a life. Your EDS is ruining it
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@MuldoonMartin @elonmusk Why? Did you lose your worthless job?
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@barstoolsports Bunch of fucking liberals on here who can't play basketball or sing worth a shit but sure do have an opinion about it all. Brain rot to the core...
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Morgan Wallen walked out with Caitlin Clark at his concert in Indiana
In 49 states it’s just basketball
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@AlanRMacLeod Maybe based off your ethics which are likely liberal garbage.
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Counterpoint: you cannot ethically earn a billion dollars, and billionaires should not exist.
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In my area, In-N-Out and Chipotle are hiring around $20/hour for new workers.
Let’s say you even land full-time at 40 hours/week: $20/hour = $800/week
That’s $3,467/month before taxes.
After just 12% in federal taxes, you’re left with about $3,051/month take-home.
Now here’s the reality: Average one-bedroom apartment is around $2,000/month.
So even working full-time in fast food, 65% of your income disappears to rent alone.
That leaves you with about $1,050/month for:
• food
• transportation
• insurance
• phone
• savings
• emergencies
This isn’t a “budgeting problem.”
This is a cost of living crisis.
Working full time should never mean barely surviving.
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@DarrigoMelanie How about we don’t pay taxes and you just help yourself.
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No one is asking for “free” stuff.
We pay taxes.
We’re asking that our tax dollars are used to help us, instead of given away to billionaires and corporations as tax breaks and subsidies to increase their wealth and pad their profits.
These people really hate the working class.
Derrick Evans@DerrickEvans4WV
Zohran Mamdani promised everyone free sh!t and the city is now out of money 4 months later. The socialist NYC mayor’s big giveaway agenda (free buses, rent freezes, universal childcare, etc.) has collided with reality, massive budget gaps and calls for tax hikes/bailouts. Voters wanted “free.” They’re getting fiscal chaos instead. NYC will be bankrupt before long.
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Homeschooling needs to be made illegal - full stop.
The only exception to such a law would be if you can PROVE your child is mentally or physically incapable of attending public school. In which case at home visits from a public educator would be permitted.
Maryam@hell_line0
The fact that Americans can just not send their kids to school and call it that “homeschooling” is crazy to me.
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@swd2 Trying to convince us that inflation under Biden wasn't so bad and it's pretty bad under Trump? What a twat. Get a life.
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3% when Biden left.
3.3% and rising now.
You suck at math.
Sassafrass84@Sassafrass_84
Under Biden inflation was 9%, under Trump It’s 2.1%. I’m no mathematician, but that seems lower. Maybe it’s just me. 🤷♀️
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which is better,
Buy all spacex for $1
Buy a bag of dog poop for $1 milllion
spoiler, spacex comes with 20bn of debt and loses 5bn a year.
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@CameronCorduroy How’s all that student loan debt? Making you feel real fucking educated, eh?
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@PotatoMcWhiskey That’s like choosing the best cancer or saying there is a best or fair way to commit child abuse.
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Wealth taxes are the most fair and best kind of taxes and its not even close lmfao
Andrew Yang🧢⬆️🇺🇸@AndrewYang
I don’t think wealth taxes are a good idea in practice, and they’re definitely dumb at the state level.
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@allenanalysis Big difference between illegal aliens and legal immigrants. But sure, let's just treat them the same.
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The Cato Institute is a libertarian think tank.
It just published a 30-year study showing immigrants paid 14.5 trillion dollars more in taxes than they received in government benefits.
Every single year. For thirty years. Without exception.
The country was lied to.
Here is what the study found.🧵
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