What a story for the kid from Pretoria. A brilliantly executed IPO hits a perfect 20% up in trading…kudos Goldman and Morgan Stanley. The world’s biggest and most enigmatic IPO perfectly launched.
One of the tech boffins is predicting the vast majority of compute will be in space in 15 years. Even if only partially true, how crazy is that.
The current price puts SPACEX JUST BEHIND Amazon and ahead of Meta and every company in Europe.
I find it obscene that an individual can have more money than nearly all the billions of poor people put together.
This is not something to celebrate, it's sickening.
And yet the ability to reuse rockets and dramatically lower the cost to put satellites flawlessly in space and the capacity to potentially solve much of man’s energy needs is being advanced rapidly by SPACEX.
Two recent predictions make it clearer….one today by a scientist that much of the data center build out will be in space….and one a few days ago that 10% of energy in 10 years time will go to powering data centers, underline the value of what’s being done here for man’s future.
The success of SPACEX may help with poverty it certainly didn’t cause poverty.
I don't really have an issue with Elon being that wealthy because he's built his most successful companies around advancing humanity's interests.
Bezos on the other hand I see as a parasite of sorts. He's taken wealth that was distributed and drained it towards Amazon.
In terms of inspiration, they couldn't be further apart. Sure, Bezos has done some cool stuff with Amazon, but Elon is on the cutting edge of everything.
Regardless, they're both self-made men and I can totally respect that. Inherited wealth and trust fund kids get my goat.
Actually Bezos is launching a new company.which looks to supercharge CAD, spoke about it quite elegantly a few days ago. And Plum I’d say Amazon is a model of execution….Bezos isn’t the visionary Elon is, but as a pure manager he’s first rate.
This gives you a sense of just how irrelevant Europe is:
The largest European company by market capitalization is ASML Holding, which currently ranks #20 globally. [1]
The Dutch semiconductor equipment giant sits right at the bottom edge of the top 20, hovering at a market cap of approximately $560 billion to $670 billion depending on daily trading fluctuations. Because the global top 20 is so heavily dominated by U.S. and Asian companies, Europe currently has only one representative in that tier. [1, 2, 3, 4, 5]
Europe's Next-Largest Contenders
If you look just outside the global top 20, the subsequent largest European companies fighting for global positioning include:
…………..
Europe is the worst case of self destructive mismanagement in the modern era. Merkel should get the the Bernie Sanders award for Economic voodoo.
I'll check it out, Moz.
Bit unlucky for him that Elon is alive at the same time he is though. To be that successful
and still be dwarfed by somebody else can't be easy. And to make it worse, Elon has attained cult like status among the smartest people in the world.
Yes today on the Business Channel was a deification of Musk….but more than PayPal, Tesla and early Open AI, SpaceX is a stunning accomplishment.
This gives you a sense of just how irrelevant Europe is:
Out of curiosity why did you feel the need to bring Europe in this... twice at that?
I mean sure it could be trolling... or is this just part of US right wing political ideology or both?
Also can you tell me where SpaceX would rank terms of revenue generated? Would it be outside the top 200 companies in the world oh say around about where cereal producer Kellogg's would be any chance?
"I find it obscene that an individual can have more money than nearly all the billions of poor people put together.
This is not something to celebrate, it's sickening."
Lazy thinking Rooi... that's not real money... it's potential money he uses to better humanity...he is an innovator and genius...a modern day Tesla, Einstein, Eddison or Newton...the things he does...imagine he didn't get the money from Paypal to pay for the invasion of Tesla, SpaceX etc...do you know what his battery technology did for the world going forward? He deserves every sent he has and will use it for the betterment of all mankind going forward ..but you find it obscene...look past whatever it is that's tripping you up...when last did a commie collective do anything for the betterment of mankind?...you go Elon... obscene se gat!
Musk is a very good business person, and America has a strong environment to create Big companies quickly. Musk is apparently also very good at recruitment, so he can find the right people to make things happen.
SpaceX would probably not exist in any other country, and has been funded largely by public service contracts.
I would say that SpaceX is probably overvalued though. It has not generated that much revenue to be worth what it is, and Musk seems to be moving resources from one company to the next when it suits investment purposes. America is no longer as fiscally reliable as it used to be, so their may be shenanigans at the top. Although investors may believe it is overvalued now, but betting on Musk to lead the new frontier and what Space X (and Starlink) can become.
Musk se moer ... he's another kind of monster
Also can you tell me where SpaceX would rank terms of revenue generated? Would it be outside the top 200 companies in the world oh say around about where cereal producer Kellogg's would be any chance?
The top 20 global companies by revenue, based on the most recent fiscal year 2025/2026 reporting data from the Wikipedia List of Largest Companies by Revenue and Companies Market Cap, are:
Note: The global leaders are regularly evaluated on a trailing twelve-month (TTM) or fiscal-year basis. You can view the historical data tracked by Fortune Global 500 or verify
So the EU with VW managed a number 20 in terms of revenue. And the Swiss produced an oil trading company that managed to get the 15th spot. Of course this says nothing about potential profitability and growth which is why SPACEX has such a huge value.
min 8.00 for Musk
Blob you are lost….Musk is one of the most consequential people of the 21st century
Musk is an evil batshit genius & undoubtedly one of the most consequential people of the 21st century
Lazy thinking Rooi... that's not real money... it's potential money he uses to better humanity...he is an innovator and genius
Bill Gates has harshly criticized Elon Musk, accusing him of causing potentially millions of deaths and "killing the world's poorest children" through his actions at the Department of Government Efficiency (DOGE). [1, 2, 3]
Gates has specifically highlighted the following impacts of Musk's policies:
Musk has fired back at these remarks, calling Gates a "huge liar" and demanding to see evidence of his policies causing the deaths of children. [1]
Here is a short clip discussing the details of the clash between Bill Gates and Elon Musk over USAID cuts:
2:01
Gates on Musk's cuts to USAID: 'World's richest man killing the world's poorest children'
8 sites
Show all
Be honest, Blo, if Musk were black he'd be your hero.
Space-X = provide global internet access and reduce costs of launching satellites for defence and research purposes. They've assisted in war zones, natural disaster situations and offered cheaper rates to poor and impoverished areas with no other means of internet connection.
Blo calls the man doing this batshit and evil.
Tesla = Aimed at reducing reliance on oil through battery powered engines that can be charged via renewable sources.
Blo calls the man doing this batshit and evil
Neuralink = Aimed at provided an engineering solution to some of the most severe medical conditions such as loss of hearing and eyesight, para and quadriplegia, and other nerve damage causing pain and paralysis.
Blo calls the man doing this evil and batshit.
One the one hand you have a guy that has built business that appear to genuinely have the best interest of humanity and its future at heart while on the other you have some expat Saffa with a racial and political chip on his shoulder that simply can't see past his own hatred to what is right in front of him.
I call that "obscene".
But Bill Gates has been implicated with Epstein….now you are quoting him to legitimize your attack on Trump, who among other things you have accused for supposedly being implicated with Epstein.
Do you need more proof that you would ignore anything that gets in the way of attacking Trump.