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SpaceX is a fantastic business, but it isn’t worth that much.
Blain’s Morning Porridge 28th May 2026 – SpaceX is a fantastic business, but it isn’t worth that much.
“Ideas are plentiful. Delivery is the hard part.”
I am genuinely excited by the SpaceX IPO. The valuation means I won’t touch the stock with a bargepole, but it should be a great business with multiple opportunities ahead of it. However, I suspect it will become another story where Musk promises much in terms of solutions which don’t get delivered.
The Morning Porridge is going to take a week off. But before I go, I guess I have to say something about the Space X IPO. Why? Everyone has an…
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