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SpaceX stock drops to a new low and loses $1 trillion in value in a month
(www.businessinsider.com)
this post was submitted on 18 Jul 2026
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So, from 1% of market cap to 2%?
Spread over shareholders who still hold north of 90% of the company?
China (and India and Brazil, among others) are all making huge investments in aerospace. The EU is certainly making a lot of noise, but because everything is privatized to fuck, what you're left with is guess like Richard Branson paddin wallets while programs like the FCAS flounder.
Starlink is still the modern word in satellite communication. That's worth a few hundred billion on it's face.
Will this advantage last? Idk. Probably not, but maybe.
At a minimum, if you want to be friendly with America, you'll need to buy from Musk.
Starlink, which is nowhere near worth that much even under a best case scenario (compare to other comm companies), can make money and SpaceX still not make any profits because of the the xAI money pit. Also, no, the advantage will not last. The last 30 years of satellite communications have been one seemingly promising idea after another that fizzled out or was made obsolete. No reason to think that trend will change now, especially not when the Starlink model is extremely resource intensive.
The existing network plus whatever Elon Musk can launch in the next twenty years, assuming an absence of competition could be a trillion dollar company. When you've got a monopoly on military satellite technology in a market full of warring super states, that's a lot of economic leverage.
I'm deeply skeptical that he'll have that edge for long. But I can at least interesting someone who thinks it's worth a gamble.
The existing network will be gone within a few years. By design. If all goes well for SpaceX, it will have been replaced by a new network, which will also be gone within a few years.
Just pointing out that the existing network can't be relied upon without continued re-investment constantly. It's hard to build up a strong first mover advantage when the fruits of the effort burn up in the atmosphere routinely.