| >"Buyers know it’s overpriced" would excuse every scammer on Earth (and Mars...) I don't think so https://archive.fo/zcVCZ You've got people all over the place saying things like this: >Bryan Mitchell, in Indianapolis, is among those planning to buy. The 48-year-old marketing executive intends to invest several thousand dollars in the IPO. He has also poured tens of thousands into Baron Partners Fund, which holds a stake in SpaceX. >“This feels like the appetizer. You have to believe in Elon,” he said. “I’m willing to overpay for it just to say I’m part of the thing.” Bryan isn't being scammed, Bryan just wants to feel like he's a part of something greater and is willing to pay for that. It's not surprising that space travel would be the thing to inspire vast amounts of retail investors to behave in that manner. >GameStop was a public market mania. Was? >In an IPO insiders and banks package the story This is only true at a very theoretical level. |
Heck, some centuries ago you could buy indulgences to fund the building of St. Peter's Basilica. Maybe the feeling is real, maybe it's to justify the greed to one's self (like you seem to be doing), but just like the Church was selling the idea of a great eternal afterlife to rob you, this company is selling the idea of an interstellar future to do the same.