Or 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

Or 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.