[ericmay]

Well not really. So you're wrong here yet again. What's the total value of all minerals and resources on Earth. If SpaceX had a goal to colonize other planets or asteroids and the sum total value of the minerals and other resources that they had access to was greater than the value of what is here on earth, what exactly is a lie about that statement?

Of course, the aspiration and attempt may fail, but in this quote they did say if.

You're letting your dislike/distrust of Elon Musk cloud your judgement. If you don't like him or don't like what he says, don't buy shares in his companies, don't buy his products, and don't read what he writes.

[ceejayoz]

> Well not really. So you're wrong here yet again.

I can do this, too, you know? "Nuh uh!"

> What's the total value of all minerals and resources on Earth.

That seems like an odd definition for Earth's value.

> You're letting your dislike/distrust of Elon Musk cloud your judgement.

No, I'm considering the fact that he has provably (in court!) lied about stuff like this, repeatedly, to the point of the SEC slapping a minder on the guy's tweets for a while.

[ericmay]

> That seems like an odd definition for Earth's value.

It's not, you're just being argumentative for no reason.

It's very normal for someone to value a planet or other celestial body in terms of the value of the minerals or other resources on that body.

You can ask for clarification from them for what they really mean though, but just calling it an outright lie doesn't seem accurate.

> No, I'm considering the fact that he has provably (in court!) lied about stuff like this, repeatedly, to the point of the SEC slapping a minder on the guy's tweets for a while.

Don't buy shares in his companies if you don't like their business plans or believe their assumptions. Use your own judgement, create your own models, make your own assumptions.

[ceejayoz]

> It's not, you're just being argumentative for no reason.

Aww, twinsies!

> It's very normal for someone to value a planet or other celestial body in terms of the value of the minerals or other resources on that body.

I don't think anyone has really had to value a planet yet.

(I'd assert Earth is at least as priceless as, say, the Mona Lisa.)

> Don't buy shares in his companies if you don't like their business plans or believe their assumptions. Use your own judgement, create your own models, make your own assumptions.

I have to live in this economy, unfortunately.

[ericmay]

> I have to live in this economy, unfortunately.

Sure but that applies to all of us with anything we disagree with. I think taxes are too high. "Blah blah do XYZ" I can just say "I have to live in this economy, unfortunately.". Ok.

Your argument is basically "in my opinion SpaceX is overvalued, therefore a lot of pump-and-dumps are going on and retail investors are buying them and losing money, therefore the economy is rigged" or something along those lines. Feel free to reframe it how you'd like but that's the gist of it. At the end of the day it's just not very coherent and I've repeatedly pointed out systematic reasons that it's wrong, I've pointed out how your valuation of any specific company is incomplete, and finally as you've tried to piece these things together you still have not made a consistent point and you've meandered around basically just complaining without really bringing anything to the table here. If SpaceX or any other company that is going to IPO is a pump-and-dump, show your work. At the end of the day it's just your opinion, and one in which most of society disagrees with.

> I don't think anyone has really had to value a planet yet.

Sure, but that doesn't mean it's not possible or that you can't actually value the resources and minerals.

> (I'd assert Earth is at least as priceless as, say, the Mona Lisa.)

I'd mostly argue the same, but what something is worth is mostly just an opinion.