Musk's impending SpaceX financial revolution, deceiving the world through propaganda

Are you ready to stake your entire fortune on the word of someone you've never met, simply by trusting their word?

World-renowned billionaire Elon Musk is preparing to launch his space company, SpaceX, on the stock market (IPO) soon, and he expects the company's value to reach 2 trillion US dollars. If this happens as expected, it will become the largest initial public offering in American economic history, and SpaceX will instantly become the sixth largest company in the world.

However, the most surprising fact here is that, according to real financial metrics, SpaceX is nowhere near a 2 trillion dollar valuation. Last year, the company's total revenue was less than 20 billion dollars, and due to the high costs of the xAI artificial intelligence project, they incurred a loss of nearly 5 billion dollars. Despite all this, Musk places strong faith in his business illusions and the 'fanboy' investors who blindly follow him.

SpaceX currently dominates about 80% of American commercial rocket launches, and its Starlink internet service, with over 9 million subscribers, is also financially profitable. In addition, X (formerly Twitter) and xAI have now been integrated into it. However, compared to other trillion-dollar companies like Apple or Nvidia that generate massive profits, SpaceX's stock price is more than a hundred times its annual sales. It becomes the most expensive company on the stock market due to this irrational gap.

So how does Musk perform this financial miracle? The answer lies in Tesla's past. Even with low profits, he managed to ignite investors' utopian dreams and turn Tesla into a company worth over a trillion dollars. For the SpaceX IPO, he plans to allocate about 30% to non-institutional retail investors because he needs people who believe in dreams like a million AI data centers being built in space, rather than complex accounting reports. However, the biggest risk here is that all the positive achievements the company could potentially achieve in the future are already priced into this exorbitant valuation. Therefore, SpaceX will never be able to provide investors with the enormous returns that Tesla did in the future.

If faith is the belief in things unseen, then Musk's latest endeavor will undoubtedly be recorded as the greatest mark of blind devotion in world investment history.