🔒 Check Out Our Sponsor: LEDGER AGENT STACK 🔒 https://developers.ledger.com/?utm_source=Audio&amp;utm_medium=Podcasts&amp;utm_campaign=Limitless ------ 🌌 LIMITLESS HQ ⬇️ EMAIL US: info@limitless.fm NEWSLETTER: https://limitlessft.substack.com/ FOLLOW ON X: https://x.com/LimitlessFT SPOTIFY: https://open.spotify.com/show/5oV29YUL8AzzwXkxEXlRMQ APPLE: https://podcasts.apple.com/us/podcast/limitless-podcast/id1813210890 RSS FEED: https://limitlessft.substack.com/ ------ TIMESTAMPS 0:00 SpaceX Stock Crash 2:30 Bear Case Unpacked 5:28 Starship Flight Breakthrough 10:14 AI And Compute Expansion 16:33 Elon’s Unified Ecosystem 17:01 Supply Unlock Risks 18:43 Ledger Sponsor Break 19:35 Manufacturing At Scale 22:00 Long-Term Bull Thesis 25:09 Closing Thoughts ------ RESOURCES Josh: https://x.com/JoshKale Ejaaz: https://x.com/cryptopunk7213 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ Josh works with Anthropic as a contractor. All views expressed are his own and do not represent Anthropic, its leadership, or its affiliates. Nothing in this episode is investment advice.

SpaceX Stock Crashed. Starship Flight 13 Didn't.

Limitless: An AI Podcast

Since they IPO'd six weeks ago, SpaceX stock has absolutely cratered. It's down more than 50% from its all-time high. And as we're recording this, it reached a new all-time low of $107 per share. So the question on everyone's mind is, is SpaceX done for? Was it massively overpriced? Will this company make it? Well, this might be a hot take, but I think that the market is incredibly wrong about SpaceX and I think it's an incredibly mispriced asset. Think about it from two simple perspectives.

In order to get the best AI model out there, you need the most energy. Where do you get the most energy? From the sun. In order to do that, you need access to space, cheap access to space. SpaceX is the only company that has the advantage here. And they recently had Flight 13 for their new spaceship, which was a massive success. And they launched Starlink V3. It was an incredible test. We're going to get into that. The bull case and the bear case is going to be a sobering take on Limitless, which is unique for us on why SpaceX is a generational company.

The bull case is mostly determinant of just the bad-ass technology that they are producing now. And I think we're going to talk about that a lot. In terms of actual market sentiment, it's tough, right? It's like the stock IPO, and it was incredible. It went up to $225 per share. That's over $2.25 trillion market cap, which, you know, that's unreasonable. That is so much money. The multiples on the returns in terms of how much revenue they're making are just astronomical. It doesn't make sense.

SpaceX Stock Crashed. Starship Flight 13 Didn't.

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SpaceX Stock Crashed. Starship Flight 13 Didn't.

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.