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Aidan Donnelly

👤 Speaker
475 total appearances

Appearances Over Time

Podcast Appearances

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

So that's 93 or 94 times sales, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

We've never had a company come to market at 94 times sales.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

I was talking with somebody yesterday and he was kind of saying, look, you know, when you're getting up to those numbers, does it really matter if it's, you know, 40 times sales, 90 times sales, 150 times sales?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

He says it's a bit like he said, you know, if you fall out of a building from the 50th floor, does it matter whether it's the 70th floor or the 30th floor that you fall out of, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

You're gone either way.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

You're gone anyway, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

So that's the kind of the thing when you're looking at it.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

So to a large extent, the actual number is irrelevant.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

Just the fact that it's a very large number in terms of the valuation.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

As I said, it's not making money, it's losing money.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

So you can't even value it on a traditional price earnings ratio or anything else like that, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

So you've got a governance issue, you've got a valuation issue.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

And, you know, you look at it and you kind of go, well...

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

You know, I'm always reminded, you're of an age, same as I am, in that you'll remember, do you remember years ago there was the Kit Kat ad, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

Where the music producer was sitting on the sofa and he's looking at this band and he looks at them and he goes, you can't sing, you can't dance, you look awful, you'll go a long way, right?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

There's a bit like this, OK?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

You're kind of saying to yourself, there's no profit, there's crap governance.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

I'm not sure about the business model.

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

Does that mean it won't go up?

Inside Business with Ciaran Hancock
‘No profit and crap governance’ – is Elon Musk’s SpaceX actually worth $1.75 trillion?

No.