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SpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortune (fortune.com)
submitted 3 months ago by to c/technology@lemmy.world
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[–] 27 points 3 months ago (6 children)

As long as there is a sucker willing to pay more they will gain money. And unfortunately there are millions of suckers on the planet. Fundamentals don’t mean anything with this IPO. It’s basically all hype based like Pokemon cards.

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  • [–] 18 points 3 months ago (5 children)

    One of the big problems with investing is that the average investor thinks they're smarter than the average investor.

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  • [–] 2 points 3 months ago (4 children)

    It’s inevitable, anyone wise enough to doubt their ability to outplay the market chooses not to try, the remainder all think they can

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  • [–] 2 points 3 months ago (1 child)

    Don't be so smug. The intended victims of this IPO are passive investors who aren't trying to time the market and are just long-term holding index funds for retirement. That's exactly who Musk is planning to rob. If you're taking the typical low-cost index fund strategy, you will be giving approximately 1% of your life savings to Elon Musk.

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