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The way I like to think about this is, imagine a hypothetical company, let's call them ROCK. They have a wild business idea of mining asteroids in space. You sp
by bemmu 17y ago
The way I like to think about this is, imagine a hypothetical company, let's call them ROCK. They have a wild business idea of mining asteroids in space. You spend all your money on this stock during their initial public offering and end up owning 1% of it. 40 years in the future, ROCK has had hundreds of successful mining missions and tremendous wealth was derived from the metals they have salvaged.
Through their efforts there are now thriving mining colonies living permanently in space, and a whole industry was created around their operations. Without the initial funds they received from their IPO, none of this would have been possible. As the years pass, they expand further and further into space, with no limits in sight. Another 10 years later you decide to cash in your 1% share and find yourself the proud owner of your own small moon.