He bought Trump's way into the White House — and now his company is a 'trainwreck' (opens in new tab)

This is according to Ed Elson, a prominent financial and tech analyst who is particularly well known among Gen-Z, who posted on Tuesday, “I read all 277 pages of SpaceX's IPO filing so you don't have to.” His nutshell assessment was not optimistic: “Losses up 700 percent. Revenue decelerating. 107x price-to-sales multiple. It's a trainwreck.” When you dig into its claims, he says, it’s “unserious, empty, hallucinatory, and borderline dishonest.”Elson says that the fantastical elements of the ...