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Valuations are not cash-on-hand, and private valuations (insiders trading with each other) are barely relevant. >And I'm sure a lot of private investors would
by itsoktocry 5y ago
Valuations are not cash-on-hand, and private valuations (insiders trading with each other) are barely relevant.
>And I'm sure a lot of private investors would love to buy a piece.
Are you sure sure? Because SpaceX has been fundraising for years, and has had trouble getting financing as recently as a couple years ago. Maybe the people with the money know something you don't? Space is hard and expensive.
- avmich 5y agoOr vice versa. People with money tend to be conservative about trends and prospects, while with SpaceX we may have a qualitative change - like, remember in 1990-s there were talks that "this time it's different"? Do you see how that Internet thing went back to oblivion? Investors had a sea change event in 2004, when X Prize was won; since then SpaceX was largely successful in demonstrating profitable innovations. However - judging by the absence of financing serious competitors to SpaceX - investors seems to be lagging with estimating SpaceX. So maybe - maybe - investors have still too much of doubts they've had before 2004.