SpaceX, AI Bubble Fears, and The Age of the Trillion-Dollar, Zero-Profit Company
Jun 26, 2026 · 53 min
For decades, investors valued companies based on a familiar formula: Grow revenue, earn profits, and reward shareholders. But a new era may be beginning - one where trillion-dollar companies can lose billions of dollars a year and still command enormous valuations.
SpaceX recently became one of the world's most valuable public companies despite reporting multibillion-dollar losses. Meanwhile, Ope…
