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 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

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Prof G Markets · Wall Street Is Pumping SpaceX — So Why Is It Falling? · 13 Jul 2026 podcast

So, I mean, it's not just losing money, it's losing a shocking amount of money.

And you're really paying up as if

Well, it would be hard to justify paying 100 times, because if you think about it, if all of the sales passed straight through as profit, you're still, do you want to pay 100 times, you know, 100 years worth of profits for the next year's profit?

Like, you have to wait 100 years to get your money back.

It doesn't make sense, you know?

300 years to get your money back, it's getting wilder.

And then, of course...

to the listeners who are going, oh, oh, but what about growth?

You know, because of course the revenues should be growing and hopefully it will eventually become profitable.

It's not really growing that much either.

I think it's, you know, SpaceX has a growth rate of around 15%.

which compares to when Google went public at, I think, 10 times sales.

Maybe it was less.

Google was growing about 200% a year, right?

So it's sort of an ex-growth company that's putting itself forth as an AI, primarily an AI and, in fact, enterprise AI business, when they're not really much of an AI company.

I think they've got a 3.5% market share.

So it's just hype-based.

In truth, even why did it fall once it hit the NASDAQ index inclusion?

Well, a lot of people were buying for that pop, you know, and so to a certain extent, you know, the thing everyone is waiting for has happened now.

Like, I mean, what's the next hype?

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