SpaceX valued at just $780B by Morningstar

Whew, good thing I read this story before re-mortgaging my house.

This ought to be a wholly unsurprising analysis. I would say it feels like 2007-2008 again except that nobody feels particularly complacent nowadays.

You can count me out for the same reason that lots of other investors will likely want to be counted in.

Musk's outlandish predictions have failed to materialize way too many times. A P/E of 385 anyone?

Earlier: https://news.ycombinator.com/item?id=48373909