[frasermarlow]

I agree that a system in which we reward one man for building a vast loss-making empire is fundamentally broken and will eventually need to correct course. Elon Musk is not the problem, the irrational valuations of his (and his team's) work are. This said, the article is not terribly articulate in it's arguments and clings to an anachronistic view of how capital markets currently allocate wealth (and I am deliberately avoiding saying "how capital markets work" because I can't see this model working too long past this current wave of massive hyped up IPOs). Also, just to throw spice into the conversation, I bought into the IPO and cashed out above $160. So thanks for that.