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Oscar Wilde: "A cynic is a man who knows the price of everything but the value of nothing." > the cost of station is not what it is worth, that's simply the c
by feral 10y ago
Oscar Wilde: "A cynic is a man who knows the price of everything but the value of nothing."
> the cost of station is not what it is worth, that's simply the cost.
Yeah, but isn't it also wrong to say that the price is simply what it's worth?
Maybe a lot of the value is scientific, and maybe difficult to capture.
If corporations can't extract this value, maybe they won't be able to justify the running costs, the auction will flop and it will be de-orbited; but doesn't mean the value doesn't exist.
Maybe the item is so large and so rare the market won't clear efficiently - maybe investment is too risky, the worst case future costs too high - there's a limited supply of capital willing to take such high risks; insurance has its limits etc.
You did say: "In monetary terms" - maybe you were moving the goalposts there; but if so, that's you, not the original article.