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SpaceX to buy Cursor for $60B

reuters.com

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Re: SpaceX to buy Cursor for $60B

#271

Post by darth_avocado »

petilon wrote: post #228
geremiiah wrote: post #167

Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…

Michael Burry, a hedge fund investor featured in the book “The Big Short” for his predictions on the 2008 financial crisis, said in a Substack discussion last month that any increase in SpaceX’s stock after its I.P.O. would “be on hype and technicals.” Here, “technicals” means technical analysis signals rather than the company’s business fundamentals. In other words, Burry is saying the stock could rise because of ch…

Technicals are the star signs of stock market.

Re: SpaceX to buy Cursor for $60B

#272

Post by yousif_123123 »

geremiiah wrote: post #167

Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…

At least as long as Musk is the CEO, perhaps. I don't think it's easy to find another charismatic figure to keep it going.

It's a different kind of hype than Nvidia has, which is showing very high and fast growing revenues (which may not continue, but they're real now). Jensen I think is not as critical to the AI hype as Elon is to his companies.

All these major tech companies eventually get leadership changes. Apple, Google, Amazon, have all done well because they're real companies and go beyond their original leadership. Tesla and SpaceX I think would surely go down the moment Musk is no longer in leadership.

Re: SpaceX to buy Cursor for $60B

#273

Post by kamaal »

geremiiah wrote: post #167

Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…

>>Intuitively, it seems to me that there must necessarily be some kind of upper limit

I mentioned this in other thread(https://news.ycombinator.com/item?id=48514481), we are at runaway intelligence already.

Mostly because we are looping AI to fix problems, and then the same data is used to improve AI. There is no upper limit to this.

Taken to its logical conclusion, this process needs a hardware scale that might even look laughably huge at this point. Its fairly obvious space is going to play a big role in the coming times.

I could be wrong, and I humbly accept it when Im proven wrong. But it does feel like a lot of people in top places know we are going to need all the energy and resources space has to offer to run this runaway intelligence.

Re: SpaceX to buy Cursor for $60B

#274

Post by lossolo »

mixdup wrote: post #244
geremiiah wrote: post #167

Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…

The thing is fundamentals really don't matter. TSLA and SPCX aren't paying dividends so there's no real performance they have to hit, no one is going to miss a dividend payment and dump the stock. The Elong vibes can carry it as long as people keep smoking what he's selling The real question is, when does that run out of steam? When do we wake up to the charade that has built up around us? That's a much bigger thing…

If you exclude dividend paying stocks, then the entire stock market starts to look like a giant pyramid scheme casino.

Re: SpaceX to buy Cursor for $60B

#275

Post by instalabsai »

geremiiah wrote: post #167

Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…

This is why I think Elon buying Twitter was one of the most strategic decisions he ever made: he quite literally bought the meme machine that upholds the valuations of his companies.

Re: SpaceX to buy Cursor for $60B

#277

Post by functionmouse »

yousif_123123 wrote: post #272
geremiiah wrote: post #167

Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…

At least as long as Musk is the CEO, perhaps. I don't think it's easy to find another charismatic figure to keep it going. It's a different kind of hype than Nvidia has, which is showing very high and fast growing revenues (which may not continue, but they're real now). Jensen I think is not as critical to the AI hype as Elon is to his companies. All these major tech companies eventually get leadership changes. Apple…

you think Musk is charismatic?

https://www.natesilver.net/p/elon-musk-polls-popularity-nate...

majority view him unfavorably.

Re: SpaceX to buy Cursor for $60B

#278

Post by Grombobulous »

geremiiah wrote: post #167

Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…

Bitcoin isn’t valuable solely through memes, it’s also deflationary by design.

Re: SpaceX to buy Cursor for $60B

#280

Post by tim333 »

geremiiah wrote: post #167

Here's a shower thought. BTC essential is worth $70k solely through the power of memes. Can TSLA and SPCX remain overvalued (relative to the revenue of their respective underlying assets) forever through the power of memes? Intuitively, it seems to me that there must necessarily be some kind of upper limit, but I'm not convincing myself. These speculative assets are only attractive as long as the price keeps inflatin…

It's down to the balance between buyers and sellers. If you've got more selling than buying it'll go down but Musk has been remarkably good at keeping the buyers there.
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