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That is crazy high valuation for something that will not be useful for at least 20 more years.
by whatever1 5y ago
That is crazy high valuation for something that will not be useful for at least 20 more years.
- crispyambulance 5y agoYou may be right, but then what should they be valued at? It's ultimately a gamble for something that's some unknown distance beyond the horizon but would, if fully realized, actually change the world.
- whatever1 5y agoThe valuation implies that there is 1.5% probability of this company becoming BP with a market cap of 100B and bringing 10B in profits per year. That is with a technology that currently is not working, and is not expected to work in useful scale for decades.
- solveit 5y agoOr a 0.15% probability of becoming 10x bigger. For things like this, essentially all the expected value is in the very long tail. I won't be buying shares any time soon, but more power to those who do.