> The market hates innovation - until its successful, then loves it. Debatable. ARK's Tesla forecasts lean heavily on robotaxi revenue and value creation. The

> The market hates innovation - until its successful, then loves it. Debatable. ARK's Tesla forecasts lean heavily on robotaxi revenue and value creation. The valuation to private investors in SpaceX depends very heavily on Starlink becoming a global telecom giant because rockets by themselves would never be so valued. Without that belief in a future, those companies would be worth far far less. What happened to Meta is that the potential of the metaverse turned out to be way too similar to a second Second Life. As long as Starlink isn't perceived as a second Iridium, it will have access to cheap capital.