Jul. 28 at 9:23 AM
$SPCX big difference between these two companies.
$TSLA had a good product market fit, were early on the EV scene and sharp focus.
$SPCX on the other hand has Grok that no one uses, a social network that doesn’t generate profit, plans on AI satellites with very unclear path to profit, an ISP in Starlink that is profitable but limited to primarily rural areas as the ISP sector is extremely competitive and hence low margin and a space service that isn’t profitable and highly dependant on orders from the state.
It’s a jumbled mess of an offering.
