SpaceX has set the bar very high for their competitors.
Still, it feels sad to see that a few months ago, SpaceX had roughly the same valuation as... Snapchat. It shows ultra short-term greed of investors and a clear lack of vision of VCs to see the mid-term potential of space exploration and travel.
Despite his faults, I'm a huge fan of Elon Musk, because he's one of the few entrepreneurs with vision and courage to push humanity forward.
While everyone else is doing the stupidest shit with social media, crypto, and other insanity.
That said I'd love to buy some SpaceX stock if only I could!
Imagine if as a global civilization we'd invested the two trillion in crypto into clean energy instead. We might actually solve our pressing climate change problem. Instead we got digital coins and NFTs and actually made the climate change problem worse.
Like trolling via then trying to buy Twitter?
This is one of the problems at Tesla I think; they've likely held off on going into areas that are likely more financially risky but with longer-term industrial potential (electric semis in particular) because the shareholders would balk at moving capital into such production efforts.
Electric Semis are not that risky. Tesla has been very very clear about their strategy. As long as they can turn all the batteries and chips they can get into car they will not actually make any more profit by adding more model diversity.
Unlike every other car company that is promising 50 models in 2025, Tesla basically will only do so if they can.
The Semi will be a big seller when it comes out. Simply put, nobody else has the batteries either to dominate the market.
He tweets a back of the fag packet idea about hyperloops and suddenly we have multiple companies spring up to do just that.
It was only like 6(?) months ago that Tesla was more valuable than the next 3 car makers put together.
If Tesla wanted money to build something they'd get it.
That last point is important. Even if you discover something truly valuable, there is no particular reason to believe that you will be the one getting rich by it.
Yes. I am indeed a total fanboy.
Boeing's market cap is current $80B.
Snapchat was valued pretty richly but is now valued at $20B.
Personally (despite being a huge fan) I think SpaceX is actually quite overvalued on a risk-adjusted basis.
will never happen. It's just a hope by leftists that capitalism will collapse on its own.