[nikolay]

It's a fantasy market. You shouldn't be able to make hundreds of billions only because the stock market is full of illiterate optimists. I don't believe in the Wisdom of the Crowd. This is the political populism turned financial. People abandoned cryptocurrency (at least one positive thing), precious metals, and fundamentals-based stocks to free up funds for overhyped IPOs. This really removes any incentives to start a legit business, as it's much more profitable to launch a bubble. I'm not saying SpaceX isn't a real business, but it can't be worth more than the combined economies of many countries, for example. Just convert a few trillion dollars into Albanian or Greek islands, for example. It's crazy, really! And is, for example, Anthropic worth over a trillion dollars only because it's just less than 6 months ahead of the Chinese?! This lead will not last forever, and it will only get shorter.

[Recurecur]

Access to space is almost infinitely valuable. It is literally the only way to retrieve extraterrestrial resources, which are effectively infinite.

It also leads the way to extraterrestrial manufacturing, which will be a revolution!

[nikolay]

Not today, not tomorrow, not 5 years from now. Meanwhile, everybody's working on reusable rockets, including the Chinese.

[Recurecur]

Ha, sure, not five years from now what about 10? Many times technological paradigm changes have been quite unexpected.