With $1.75t valuation & ~$16b in revenues, that's just over 100* revenues. SpaceX recently announced $8b in EBITDA, but I don't think it's a healthy metric for such a hardware-heavy business. Or, like Charlie Munger calls it, BS earnings.
Even if you give SpaceX the benefit of the doubt and assume they'll eventually settle at the profit rates Apple, Google, etc. have (~25%, check it), it'll be $4b in annual profits holding up $1.8t in market cap or roughly 450 PE ratio.
And that's if we give them the same great odds for profitability as America's most successful and profitable firms.
In summary, in the short-term the stock might very likely shoot up to $3t, but in the long-term, it doesn't look very healthy.
I'm happy with how the Overton Window on the US being completely subservient to Israel is shifting. A few years ago, this would have gotten you denounced as antisemitic, but now it's a common position even normies hold that no matter the issue, the US will take the position that favors Israel the most, no matter how it hurts American interests and endangers or outright kills their citizens.
Even if Iran gets 500 years to build out a proper technological economy, there's no universe where they're a threat to the US. All the players the US has invaded the Middle East to fight don't constitute a threat to Joe in Alabama. It's all about weakening potential threats to leave Israel as the only extant regional power, no matter the costs to American credibility, military stockpiles, finances ($10t so far, according to Brown University Costs of War).
The overton Window has shifted and this question will not go away.
Isn't mass murder of civilians the most Israeli thing ever? For those out of the loop, this isn't an anomaly.
It's a societal-level policy: 47% of Israeli Jews want all Palestinians killed; 82% want all Palestinians forcefully expelled (i.e., ethnically cleansed) [0] which would constitute genocide. 56% want the same for all Israeli Arabs.
So, it's pathetic when Westerners act surprised at Israel's antics: you can't support a genocidal state and then be shocked when it does genocidal stuff. This is just Tuesday for them.
Once you understand this, Israel's actions are not an anomaly. It's the natural expression of people who consider their neighbors beneath them, and barely even human.
Off topic, but the reason Vietnam played out the way it did was because of China's implicit guarantee that they'd intervene in force if American troops came anywhere close to their borders like during the Korean War.
Fresh off WW2, with a titanic arsenal and industrial base, America and all of its allies couldn't end the war on their terms after China intervened.
That's why the US only did search-and-destroy missions, targeting Vietcong cells in the south and bombing supply lines in Laos. Which didn't matter much.
Once the Americans left, the North marched down a proper army and wrapped it up.
Pretty steep haircut from their $12b peak in 2022. And that's before you factor in their revenue that's grown 2.5* from ~$312M in 2022. If their figures are to be believed, Capital one is getting an asset growing 50% YoY, for just 7* revenues.
Maybe just pull a Bending Spoons after the acquisition, layoff most of the staff, and bring a lot of ops in-house and they'll be in profit ASAP.
First, I'll have to say that I noticed 15/19 of the submissions you've made to Hacker News have been on the topics of either the Gaza War or the recent protests in Iran. It's weird, just saying.
Secondly, having thousands of protesters chanting your name still doesn't confer state power. State power is in the ability to achieve and retain a monopoly of violence. Khamenei's forces can (and are doing so already) mow down the protesters with machine gunfire, just like the Egyptian Army mowed down the supporters of Morsi in Cairo.
If you can't achieve a monopoly of violence, an asymmetry works just as well since you can impose your wishes on the opposition with superior firepower. That is what will, and is happening in Iran right now.