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***Apologies for the Spacex glazing I'm about to do. I'm going to enjoy this even less than you will.*** I think to understand Spacex's astronomic valuation, you need to look at the story of McCaw Cellular. In short, in the early 1980s Craig McCaw realized that the way the FCC was allocating cell spectrum licenses to anyone who asked would result in decades of spotty, inconsistent cell coverage that would hamper the adoption of cell phones despite obvious consumer demand. …
— ORIGINAL POST ·
A justification for Spacex's IPO valuation by looking backwards: The story of McCaw Cellular
· r/wallstreetbets
· May 17, 2026