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Apologies for the naivety, but, why is SpaceX valued so high? Starlink? Are rockets really a lucrative business? Don’t get me wrong, being able to send objects up into orbit is cool, but is it $1.8T cool?
I really want a QQQ/VOO replacement that excludes these new rushed IPOs that are just exit liquidity. There are ETFs that exclude harmful industries like gambling, weapons and tobacco. How about an ETF that doesn't include IPOs for six months or until insider lock ups periods are over.
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You would think you’re investing in a software technology company, but after reading a bit of news stories, you realize you’re quite literally funding war crimes. If I invested in an arms company, I’d have reasonable expectations about what I invest in. Investing in Anthropic at surface level looks like investing in software for hobbies and business. It’s pretty depressing to be honest. I don’t know how I could work…
>I don’t know how I could work in any of these military industry companies. You'd sing a different song quite quickly once the threat stops being abstract as you don't get to free-ride on the security a defense industry provides.
Apologies for the naivety, but, why is SpaceX valued so high? Starlink? Are rockets really a lucrative business? Don’t get me wrong, being able to send objects up into orbit is cool, but is it $1.8T cool?
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Elon achived this valuation by merging xAI into SpaceX. The future of xAI is questionable, and without it SpaceX is very overvalued.
SpaceX has the potential to be the most valuable company ever if the space economy expands. Starlink will be a tiny puzzle piece by then. How is this even debatable.
Even if the Star Trek utopian future materialises, it is very likely to be a long time from now.
1. SpaceX has competitors. Most are making reusable rockets.
2. SpaceX has no moat.
3. The concept of money itself might change dramatical by the time SpaceX becomes a multi-planetary mega corporation. Investing now may not return returns in any meaningful sense.
Apologies for the naivety, but, why is SpaceX valued so high? Starlink? Are rockets really a lucrative business? Don’t get me wrong, being able to send objects up into orbit is cool, but is it $1.8T cool?
Most shareholders don't really care about the company they have shares in.
Apologies for the naivety, but, why is SpaceX valued so high? Starlink? Are rockets really a lucrative business? Don’t get me wrong, being able to send objects up into orbit is cool, but is it $1.8T cool?
Because of the Musk reality distortion field. The claim is that all data centers will move into space, and that SpaceX will completely own that market.
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With the new Nasdaq 100 fast track rule, I'd certainly get out of any index that tracks it, or any funds that are invested in it. I don't know if any other indexes have had similar policy changes...but, if it works this time, and insiders are able to steal a few billion dollars from retirement funds without people even realizing it, I'm sure it'll become more commonplace until we have a functional government that reg…
I’m going to be selling out of my Nasdaq ETF too. Such a shame. Buuut if Anthropic does the same and lists on the Nasdaq then I might reconsider.
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Because of the Musk reality distortion field. The claim is that all data centers will move into space, and that SpaceX will completely own that market.
This sounds amazing until something needs replacement. Until data centers on earth has a 99.99% (or higher) level of autonomous operation with very minimal requirements to maintenance and part replacements, they're not sending anything into orbit...
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VTI avoids these issues. It's float adjusted market cap weighted. More float allows better price discovery. So a company like spacex has negligible weight.
So are other major index funds. That's not the problem. The problem is that the NASDAQ 100 and most likely also S&P 500, change their rules to permit SpaceX to be added early without traditional time for price discovery. It happens jsut five trading days before the major index rebalance. After float adjustment SpaceX could be 1% of NASDAQ and 0.7% of SP500, but after full tranche escalation that takes over 130 days,…
I didn't realize this. That's really scammy.