My cautionary posts about SpaceX/Semiconductors seem to have struck a nerve.
Receiving many enraged/offensive e-mails.
Last time I saw this was in 2021 when I was warning about the meme stock/SPAC/ARKK manias.
History doesn't repeat itself, but it often rhymes.
Charlie Bilello: Insanity: with a market cap of $2.96 trillion, SpaceX just passed Microsoft to become the 4th largest company in the world.
Microsoft Sales: $318 billion
Microsoft Net Income: $125 billion
SpaceX Sales: $19 billion
SpaceX Net Income: -$9 billion
Author warns about SpaceX and semiconductor valuations, drawing parallels to 2021 meme stock/SPAC bubble. Highlights SpaceX's $2.96T market cap now exceeds Microsoft despite SpaceX generating $19B revenue with -$9B net income vs Microsoft's $318B revenue and $125B profit.
