Musk can become richer than Bezos anytime he wants to
Dec 31, 2020
19 Comments
Just file SpaceX for IPO, it will be another meme stock.
Predicted market cap: 300bil.
Just file SpaceX for IPO, it will be another meme stock.
Predicted market cap: 300bil.
comments
I would definitely be long for SpaceX.
The key technology of Tesla cars is Japanese battery and how to put lots of them together without setting the car on fire.
The key technology of SpaceX is old rocket engine technology and how to put lots of them together without explosion and reuse them.
The problem is you can only get this far without running out of low hanging fruits. The stock market gives you an evaluation assuming your are technically stronger than Toyota, Mercedes and NASA, you are not and it is impossible for you to meet that expectation.