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What does a stock market bubble have to do with the profitability (i.e. not the valuation) of any given company? Are you arguing that the demand in Internet co
by lxgr 1y ago
What does a stock market bubble have to do with the profitability (i.e. not the valuation) of any given company?
Are you arguing that the demand in Internet connectivity in rural/remote areas is somehow caused by an investment bubble as opposed to a long-term stable need?
- TheAlchemist 1y agoNo, I don't think there is any relationship there. I'm saying that I highly doubt the real profitability of SpaceX / Starlink, and we will only see if it's really as good as they say, once the bubble pops and there is no inifinite capital, and maybe some accountability.
- inemesitaffia 1y agoThey aren't raising money. What's there to pop?
- TheAlchemist 1y agoSure, just like xAI is never raising any money (according to Elon). All of his companies are very tightly interconnected, so you should see them as a whole.
- inemesitaffia 1y agoWhen money is actually raised people talk. Sovereign wealth funds and bankers like to talk about their investments even in leaks to Journalists of things under NDA.