Patrick Boyle
speaker
346 appearances
1 recordings
1 series
first heard Jul 2026
last heard 13 Jul
Patrick Boyle’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
I mean, the truth is it's above the IPO price.
Like if you put in for the IPO, you got it at 135, you're pretty happy with the return.
And it's sort of in line with what you get from IPOs.
I forget the name of the researcher, but I can't think of it now.
But there's a guy who's an expert on this, and he's done all the research, and it shows that typically IPOs jump about 18%, which was right in line with what SpaceX did.
Now, the thing is, if you bought it on the day of the release, you were buying post-pop, right?
I think it hit the market maybe at something like $165 or something like that.
So,
Most people who didn't get a fill and bought it at the market open, they'll be down on it.
But the truth is it's trading at a very high valuation.
And if you invested in it, you can't really claim to be too surprised.
And you've probably done all right out of that.
I mean, you have to wonder if they built spreadsheets to justify this or they just pulled out the numbers.
Because, you know, to people at home who aren't familiar necessarily with these ratios, like, nothing trades at 100 times sales.
Like, it doesn't happen.
And the kind of thing that even could potentially trade at a very high price to sales ratio would be maybe like a software company where sales basically convert straight into profits, you know, like where there's no real costs.
There's massive, massive costs here.
There's the cost of the rockets, you know, but that's not really what SpaceX claims to do anymore.
It's an AI company, so it's the cost of all of those NVIDIA GPUs and whatever.
You know, they're burning, I think, about $5 billion a quarter.
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