Musk is like the beacon of U.S. manufacturing.
American Economics Thread
- Thread starter Bernard
- Start date
Musk is like the beacon of U.S. manufacturing.
SpaceX is a tremendous asset for the US Space Force.
The next war is going to be fought/determined in space, and Space Force with SpaceX is set to dominate this field, especially if the Starship program succeeds
Anyway, SpaceX is a good US innovative company doing hard tech. Such companies are always desirable to have for every country
They are really pushing the frontier. Does China have such private initiatives? It would be great not to let SpaceX get that far ahead
Chinese private firms are followers of CNSA, not leaders.
Skywatcher
Captain
Well, there is the reusable variant of the Long March 9 (wonder if they'll give it a different designation by then) that if it becomes official, would probably enter service around the mid 2030s.
Their last known revenue was With a $100 billion USD valuation their P:E ratio is 50.
But average US P:E ratio expanded to 34 in 2020.
This shows that hot money is flowing into US equities and that there's an equity bubble. Yet SpaceX has even higher valuation than a bubble valuation.
antiterror13
Brigadier
P/E ratio is Price to Earning (i.e profit), not revenue
so the P/E ratio for SpaceX is extremely very high as the profit would be much much less than $2B (if any)
SpaceX and Tesla has a dynamism that you don't really see in the US anymore, at least in engineering. If you look back to Lockheed Martin or Boeing back in the 50's and 60's (or China today, really) you see the same sort of enthusiasm and ambition that the corporate culture of SpaceX and Tesla have. The US really was once great (in terms of STEM, not human rights) but they've lost it except in a few places. American power engineers, for example, all have this defeated look to them after like, a year in industry. You talk to them and (especially after the Texas power crisis where hundreds of people died while the power companies made massive profits) and there's this resignation and defeatism. While Chinese power engineers are excited to work in their field. You ask them about their job and their eyes light up.
This is the same with the SpaceX engineers. You get them going about their job and they won't shut up. This is important, excited, motivated people do good work. If the US can make that attitude contagious across the rest of the country, they'll be back on top. If they can't, then you see what's happening now continue onwards: China keeps rising (because the Chinese engineers are so fucking excited to be going to work, seriously) and the US keeps sliding.
This is the same with the SpaceX engineers. You get them going about their job and they won't shut up. This is important, excited, motivated people do good work. If the US can make that attitude contagious across the rest of the country, they'll be back on top. If they can't, then you see what's happening now continue onwards: China keeps rising (because the Chinese engineers are so fucking excited to be going to work, seriously) and the US keeps sliding.
Thank you, that makes things even worse for SpaceX.
I think fed has enough tools to deal with it: hike fed fund rate to 3%; sell down its massive balance.
how much damage will it do? interest up by 3% will push down the value of 10 year treasury by 30%. assume the average duration of outstanding mortgage at 10 years, then the real estate will drop by 30% as well.