This article explains why Snowflake is a great company. And there's no doubt about that.

But it does not explain why it is valued at 60B$. Or if that value makes sense.

To put a price on a company, I need to know in projection for the next 5-10 years what income they will generate to shareholders.

The fact that they are a great company does not guarantee they will generate an income to shareholders that value them at 60B$.

This is how bubble starts. Overvalue a great company, then overvalue fair companies just not to miss out and "in comparison" with the great companies, and in the end, overvalue nothing (if Tesla is great, then Nikola was the nothing).