Author Topic: How much money does SpaceX need annually to survive?  (Read 9910 times)

Offline RedLineTrain

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Re: How much money does SpaceX need annually to survive?
« Reply #20 on: 06/20/2023 07:04 pm »
https://open.spotify.com/episode/5Dd9PQX9KJMltP9qMCLW5o?si=0bET2ObxRSqpnvXazrmvBw&nd=1

And if we listen to AE Industrials, the biggest space fund, SpaceX is already too expensive for them...

Listen carefully, because what Kirk Konert said at 24:35 is precise and describes a reality that is exactly opposite of what you imply it is.  SpaceX is too expensive for them because of deal size, not because it is a bad investment at this valuation.

Like other earlier-stage venture capital funds, they don't want to be one investor among many, each taking a small piece of a company.  Rather, they want to take a big piece of a small company.  Unless you are an enormous fund, SpaceX is valued so highly that it is impossible to take a big piece of it.

Quote
Kirk:  We're too late! [laughs long and hard]  Alright?
For us, from our standpoint, we target three times our money in terms of return.  Where SpaceX is today, it's a great investment, but it's hard for us to take a very small position in a really great company.  It isn't our investment thesis.
« Last Edit: 06/20/2023 07:18 pm by RedLineTrain »

Online meekGee

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Re: How much money does SpaceX need annually to survive?
« Reply #21 on: 06/21/2023 11:52 pm »
How for the love of all things space did this idiotic sub-thread get resurrected?

It's like one of those WWII bombs they keep finding in Cologne or Berlin...  Amusing, but not funny when you stop and think about it.
« Last Edit: 06/21/2023 11:56 pm by meekGee »
ABCD - Always Be Counting Down

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