said the billionaires, and continued pumping money into rent seeking, cornering existing markets.
then one of them got inpatient and built "new" things
- SpaceX [$36b] - cheap access to space, potential to revolutionise travel with starship
- Starlink [$30b] - ubiquitous planetary Internet
- Boring Co. [$1b]
- Tesla [$150b] - electric cars people actually want, OTA upgradable software, potential for autonomous cars, recover up to 60% of cities land are currently used for parking.
- Neuralink [$0.1b]
- OpenAI [?]
If the market is going down, then even cash is a better alternative.
However, at this point in the cycle most people have missed the boat. Probably best to ride out the cycle (assuming you have a diverse portfolio).