The low valuation is because people lack imagination and/or are too low IQ to extrapolate from inco . They listen to professional FUD on the mainstream media and stay sidelined.
This isn't a multi-generational company that invented processes decades ago just arbitraging its own death where you multiply predictable dividends on those now commodity products/services, it's asymmetry, because it eats into just about every part of the economy
Freight is another thing starship can eat, for example. Probably won't eliminate container ships, but there's soon to be a 3rd option between air freight and container ships for distance/speed/cost.
Starlink eats telecom
Orbital datacenters eat heating/cooling/power/land/permitting/construction on terrestrial datacenters
Making rocket fuel out of air and water eats into energy generation, jets and boats need a lot of petro... not rockets.
You also have chip manufacturing, nvidia doesn't even make chips and is at 5T.... its a design firm. xAi is both design and manufacturer.
There's also the Jevon's effect of launch capacity, as it gets cheaper more shit goes up... they already have a near monopoly on that.
As for moat, time is the moat. 10 years I think is probably a fair estimate, but that's also if they stand still and do nothing.
The low valuation is because people lack imagination and/or are too low IQ to extrapolate from inco . They listen to professional FUD on the mainstream media and stay sidelined.
This isn't a multi-generational company that invented processes decades ago just arbitraging its own death where you multiply predictable dividends on those now commodity products/services, it's asymmetry, because it eats into just about every part of the economy
Freight is another thing starship can eat, for example. Probably won't eliminate container ships, but there's soon to be a 3rd option between air freight and container ships for distance/speed/cost.
Starlink eats telecom
Orbital datacenters eat heating/cooling/power/land/permitting/construction on terrestrial datacenters
Making rocket fuel out of air and water eats into energy generation, jets and boats need a lot of petro... not rockets.
You also have chip manufacturing, nvidia doesn't even make chips and is at 5T.... its a design firm. xAi is both design and manufacturer.
There's also the Jevon's effect of launch capacity, as it gets cheaper more shit goes up... they already have a near monopoly on that.
As for moat, time is the moat. 10 years I think is probably a fair estimate, but that's also if they stand still and do nothing.