PE companies are very much in the business of valuing a revenue stream that goes up 10% per year highly. This article doesn't show thinking beyond 10-20 years,

PE companies are very much in the business of valuing a revenue stream that goes up 10% per year highly. This article doesn't show thinking beyond 10-20 years, but most of the economic value comes even farther in the future. In 50 years, it could be 14000x the current price! If you plug a 10%-growing revenue stream into a net-present-value formula with a discount rate less than 10%, you get infinity. The future revenue stream has infinite value. Even under reasonable economic uncertainty, you might be able to justify a P/E ratio of 100. That hedge fund got a sweet deal.