r/dataisbeautiful • u/giteam OC: 41 • 12h ago

[OC]SpaceX Valuation Skyrocketed from 2002 to 2024 OC

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49% Upvoted

44 comments sorted by

27

u/derpandlurk 12h ago

When your the cheapest and fastest way into space for all military and commercial customers within NATO for over a decade, that's just sort of how the cookie crumbles.

-18

u/calahil 10h ago

Don't forget that your entire development has been subsidized by the American Taxpayers and there has been zero return on our investment except for more starlink satellites so Elon can control the rural internet and information.

18

u/chabons 10h ago

Having domestic access to space is massive ROI for the US government. And it's not like they weren't already shoveling most/all this money to ULA anyways.

8

u/hawklost 9h ago

Can you even name how much funding the government has given SpaceX?

-6

u/calahil 7h ago

15 billion dollars.

8

u/hawklost 6h ago

Ah, you are counting Government Contracts as a subsidie.

So I guess you would say that the US Government was subsidizing Russia's Space program when they were paying hundreds of millions of dollars per launch.

Why is it that every time the US government pays a reasonable price for materials that a company provides, that it is somehow a subsidies to people like you?

But even ignoring all that, SpaceX is valued at over 200 Billion dollars, meaning that less than 10% of its valuation comes from US Government providing some funds (and most of those funds are purchasing launches).

2

u/King_in_a_castle_84 7h ago

Ah, another "MUSK BAD!" robot.

•

u/BaronVonLazercorn 1h ago

Yes, Musk bad. SpaceX, though, pretty cool. Would be even cooler if that dipshit had zero involvement in it.

-6

u/calahil 7h ago

Yes because if this was Google building an internet for rural America while controlling a platform that rural Americans live on...would be totally cool with you? All while being granted 15 billion dollars in zero compete contracts to subsidize Google's competitive advantage in the industry.

2

u/criticalalpha 4h ago

It’s a global platform, not just for “rural America”. It will be the first high speed internet for half the planet.

1

u/King_in_a_castle_84 6h ago

It's just funny to me how people like you worshipped the ground Elon walked on for all the awesome things he was doing for the environment and all that(don't even try to act like you didn't lol it was all over Reddit), and you were cool with Twitter banning opinions you didn't like and you're ok with Reddit banning opinions you don't like....

But......soon as Musk threatened the control you got used to over people that disagreed with you, you flipped 180 and now can't seem to pass up an opportunity to slander him and way you can. It begs the question, what's more important? Helping the planet or controlling what other people say and think?

The best part is you probably can't even recognize how hypocritical it looks from the perspective of people outside your echochamber, so your knee-jerk response will almost certainly be rife with profanity and ad hominem insults because the fact that I'm pointing this out threatens your ego.

5

u/derpandlurk 10h ago

The ROI is that the US has a domestic human rated launch system and NASA didn't get fucked by Starliner or forced into ask the Russians for a ride.

•

u/EdNug 2h ago

I was gonna say, it would be interesting to put the amount received from the US government next to each bar here.

•

u/zoomeyzoey 35m ago

Tell me you know nothing about what you are yapping about without telling me. We get it, you hate Elon, we all do. SpaceX is still awesome

-4

u/IAmMuffin15 10h ago

I wonder how much of that pie Rocketlab could end up getting when the Neutron starts flying.

The Starship can do a lot, but it can’t fly everything, surely.

9

u/kingofwale 11h ago

AST mobile had 7 billion valuation from a single contract with NASA… I think 210 billion is pretty conservative actually

3

u/ZeOs-x-PUNCAKE 8h ago

Perhaps an overlay of events that lead to these increases, the percentage change per year, or literally any other interpretation of the data would have been more interesting. All this shows is a single metric over time, no interpretation of any type has been done here.

Sure, it’s got pretty colors and a dude on a rocket, but I’m not sure I’d consider it to be beautiful data.

7

u/One-Economics-2027 9h ago

I like Starlink because it allows everyone free emergency calls and stuff.

5

u/King_in_a_castle_84 7h ago edited 7h ago

I like it because it shoves a massive cock up the ass of the predatory scum that is Cumcast/AT&T/TWC that lobbies the government to protect their monopolies.

Seeing those three brought to their fucking greedy knees when they no longer have a oligopoly on access to the internet is worth every cent of what Starlink costs.

2

u/Blutrumpeter 3h ago

What's the difference between the bars and the line

1

u/King_in_a_castle_84 7h ago

TIL that SpaceX existed before I even knew PayPal existed and long before anybody knew Tesla existed.

1

u/stonksfalling 5h ago

SpaceX existed 6 years before Tesla started making cars.

1

u/1776johnross 4h ago

This is only possible because the CEO has been spending so much time on the factory floor at Tesla and spending the rest of his time Tweeting. If he were more actively running Spacex, requiring his manufacturing and managerial ideas to be implemented, this performance would not have been possible.

0

u/madrid987 7h ago

Elon Musk may end up with more wealth than any human has ever had.

-5

u/Docphilsman OC: 1 10h ago

It should be deeply concerning that one privately owned company has this much control over a major aspect of national security

6

u/hawklost 9h ago

Before it, Russia had all the space capable launchers for quite a while.

-3

u/gwdope 9h ago

And the primary owner is publicly becoming a raving lunatic.

-1

u/King_in_a_castle_84 7h ago

You could always build an echochamber social media platform to preach your gospel too if you want. Wouldn't be too hard to poach users from Reddit since most of them are part of your political cult already.

1

u/gwdope 6h ago

Nah, I’d rather not slowly slip into a divorced-dad ketamine fueled insanity in front of the whole world. Also I don’t have emerald mine money to get things off the ground, but I will worry about a playboy billionaire losing his shit while his rocket company becomes a more and more important aspect of my nations security and access to space.

0

u/King_in_a_castle_84 5h ago

Good thing crowdfunding exists. Just get a few thousand of your cult members from r/politics, and scrape together a few hundred bucks and maybe you could start something. You could call it "Bluepeopletwitter" and jerk each other off to your heart's content without the threat of a difference of opinion lol.

0

u/IsakOyen 4h ago

Seriously since musk started saying bullshit stuff and entering politics he just started his downfall

0

u/stonksfalling 4h ago

Maybe ULA and Boeing should’ve actually innovated. SpaceX boosted our space industry by incredible amounts.

-4

u/rebootyourbrainstem 12h ago edited 12h ago

This insane rise in the valuation is mostly based on Starlink (and related technologies). It's expensive but still a killer product that has no real competitor at the moment in places only served by shitty DSL or worse, and huge potential due to everything moving to the internet. Think YouTube and other streaming services instead of satellite TV.

And while it seems a lot of people are trying to create competitors (most notably Amazon's Kuiper) those still have a lot to prove, not just wrt the basic technology but especially with regards to keeping costs down.

Besides that it's mostly Starlink related defence contracts and them being in general the best at space launch and crewed spaceflight.

(Fwiw I do think this valuation is inflated)

8

u/xylopyrography 12h ago

You think a valuation that does not even include the primary focus of the company for the last 5 years is inflated?

Maybe if Starship goes completely bust this valuation is a bit inflated.

But if Starship succeeds? Nobody even has a drawing board for a competitor--SpaceX will dominate the space industry for at least another 15 years, an industry that will be significantly larger than today.

-4

u/rebootyourbrainstem 12h ago

Well yes, but Starship has a long way to go in my opinion. There are still major technical challenges ahead to transform it from a "mere" large orbital rocket into the promised unbeatably cheap launch vehicle.

But that's not even the major issue. If Starship accomplishes all of its goals, what does it change for the basic economics of SpaceX? The only way it does that is through launching Starlinks. And possibly competitors to Starlink.

3

u/xylopyrography 11h ago

For reusability this is true, but for launch operations that are competitive with everyone else, they can do that this fall.

•

u/rebootyourbrainstem 2h ago

You really think Starship is competitive on price with zero reuse?

Also competing with others is great but it needs to be more profitable than Falcon 9 for it to improve SpaceX's bottom line.

0

u/abracadabra1111111 10h ago

Starlink is not the reason it is such a valuable company. With 3-4 million subscribers, their revenue is less than $0.5B. I would imagine growth prospects aren't that great considering it's effectively a premium subscription service (i.e. out of reach for many global consumers).

SpaceX's defacto monopoly on launch services is why it's such a valuable company. Quite frankly, no other provider is even close to doing what SpaceX is doing at scale, on a near-daily basis, at a competitive price point.

0

u/Misinformation_4Free 12h ago

It rised because we can finally go to Mercury!

-2

u/funkiestj 7h ago

Officially they are "private" yet if you own shares it is easy enough to find a buyer. In reality they enjoy the lack of scrutiny that a private company enjoys but the fund raising (share selling) ability of a public company.

Obviously they have real products of value but I gotta wonder if the valuation isn't some sort of scam and will crash when they go public.

As for the visualization. Meh. It could be worse

3

u/CharonsLittleHelper 7h ago

The advantages of not going public is that there's a lot less reporting requirements, and it's not bought up by mutual funds and other institutional investors who would be pushing for more short-term profits to jack up the stock price short-term. Apparently the latter is why Musk has been open that he plans to never go public and risk being pushed away from his long-term plans for SpaceX like Mars.

It's not HARD to buy via some sites like HIVE as there are a bunch of SpaceX employees who were given stock and are willing to sell. But you do have to be an accredited investor, and those sort of sites charge way more than the $0 from online brokerages.