Investor Will Manidis highlights how SpaceX's post-IPO valuation gives it unusually cheap capital that could fund acquisitions of Stripe and Figma with almost no shareholder dilution, framing the move as a way to assemble a Constellation Software-style collection of high-quality assets.
if you had the cost of capital spacex currently does, there's literally no reason to not become the constellation software of 2020s vintage top decile software assets.
you could buy stripe, figma, etc at functionally zero dilution
A Stripe purchase would hand X ready-made infrastructure for handling money across its platform, advancing long-running plans to evolve into an everything app, though no actual deal talks have surfaced.
Everything stays hypothetical so far with zero public filings, leaks, or modeling on pricing and structure, leaving the cheap-capital math as an interesting thought experiment rather than an active plan.
Positive users welcome low-dilution Stripe acquisitions by players like SpaceX for enabling ambitious projects and efficient capital use, while negative users decry the monopolistic buying sprees and unrealistic zero-dilution claims.
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Stripe would be an obvious buy for SpaceX I think
Instantly get X Money to work and become WeChat (which Elon Musk said he wanted to become the "everything app")
He also seed invested in Stripe
It'd be $159B
if you had the cost of capital spacex currently does, there's literally no reason to not become the constellation software of 2020s vintage top decile software assets.
you could buy stripe, figma, etc at functionally zero dilution
@byersblake the complexity of payments will far outlast the singularity for "x the everything app"
@WillManidis Unless it’s critical path to recursive self improving AI, it’s more distraction than value for SpaceX.
@WillManidis I'd rather they buy and operate something like united airlines. It'd make sense with their starship point to point flight ambitions and an Elon-operated airline would be a gift to the world
@WillManidis Why not do this will all of his other companies?
@levelsio lol did you put there check as well?
@LuisDCSilva What's Shift4
@WillManidis Outside chance Elon would do it just so he could lay off 80% of the tech industry at once and tell people things were still fine.
if you had the cost of capital spacex currently does, there's literally no reason to not become the constellation software of 2020s vintage top decile software assets.
you could buy stripe, figma, etc at functionally zero dilution
@thomasg_eth @WillManidis They can start their own one from scratch. Why on earth would they want those legacy problems?
@WillManidis Same is true for Google
@WillManidis I do not think Stripe would sell at effectively any price
@WillManidis They have enough projects going on, they need to focus if they are to do a Mars colony
@levelsio It would be great!
@WillManidis works until SpaceX execution stumbles. constellation's playbook needs stable EBITDA-to-cost-of-capital. SpaceX's premium prices in starship + starlink margin trajectory. one missed quarter and the M&A engine costs 4x more.
@WillManidis he should buy PayPal and become CEO, just for the memes.
@WillManidis I would try to buy (hostile takeover) a non profit called openAI
A lot of people are saying this and I think it’s wrong.
Musk has a lot of money. He could buy companies. He could also dive into a vault filled with gold coins. Not obvious why the price action makes the former more viable than the latter. Anyone decent CFO merging with SPCX would heavily discounting the stock, especially if there’s a lockup.
@WillManidis I guess it's a world where these super players like AI companies and Space X just can pummel everything else, buy up everything. Have everything. Stop all competition. Sounds like government really failed to protect people.
@WillManidis Why would stripe sell?
@WillManidis That’s not the math - at all
And this multiple arbitrage is seen a mile away by investors