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Why Patrick Boyle Calls The SpaceX IPO Extreme
- Patrick Boyle argues SpaceX’s IPO is being sold at an unprecedented 125 times sales, far beyond past growth-company valuations.
- He contrasts it with Google at 10 times sales while growing 240% and says SpaceX may grow only about 25% next year.
How Fast Index Inclusion Could Inflate SpaceX
- Patrick Boyle says the bigger issue is forced demand, not just hype, because SpaceX could enter the Nasdaq 100 after only 15 days.
- He says Nasdaq changed seasoning and float rules, potentially pushing index funds and benchmark-hugging managers to buy regardless of valuation.
Why SpaceX Looks More Like Starlink Than AI
- Patrick Boyle says SpaceX’s economics rely heavily on Starlink, while newer AI ideas like space data centers still look highly speculative.
- He notes cooling hardware in orbit is extremely hard and says two-thirds of launches are mostly SpaceX sending up its own Starlink satellites.
