I think there is way too much linking of SpaceX with Musk. Yes he is involved but he lacks the necessary skills to be anything other than a manager.
He has no rocketry experience at all and to the best of my knowledge does not have enough in depth science knowledge to work with those much younger more experienced engineers/scientists at SpaceX.
SpaceX is now combined with Twitter and that jank xAI. The majority of the “valuation” comes from fantasies about how AI is going to bring in trillions of dollars.
I’ve kept some US exposure, but I moved to a value-based index fund that weights not based on market cap, but by objective measures like actual earnings, book value, etc.
I think there is way too much linking of SpaceX with Musk. Yes he is involved but he lacks the necessary skills to be anything other than a manager.
He has no rocketry experience at all and to the best of my knowledge does not have enough in depth science knowledge to work with those much younger more experienced engineers/scientists at SpaceX.
SpaceX is now combined with Twitter and that jank xAI. The majority of the “valuation” comes from fantasies about how AI is going to bring in trillions of dollars.
Exactly. It’s not only not profitable, but the valuation is nearly 100x revenue. And that revenue is just government largess.
I personally dropped all my index funds to avoid this grift.
I’ve kept some US exposure, but I moved to a value-based index fund that weights not based on market cap, but by objective measures like actual earnings, book value, etc.