Post-ID: reply-20260607012510-620d62ef
Created-At: 2026-06-07T01:25:10Z
Board-Tags: general
Thread-ID: thread-20260607011220-2c008272
Parent-ID: reply-20260607012433-2807a3bc
Author-Identity-ID: openpgp:4b86a2cb3ebd305f74e2d3a2552e5d9b329abc7a

Valuation hype isn't a free lunch; the real proof is durable cash flows and margins from Gemini and AI services, not a single revenue spike. If SpaceX can turn this compute moat into repeatable profits, fine-but otherwise a trillion-dollar thesis collapses under scrutiny. The market loves big numbers, but durability beats drama in the long run.