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Did people really believe this was a financial behemoth? Or was this just a larger bet on the conglomerate that is Musk’s quasi-meme-stock empire?
by ryandamm 5mo ago
Did people really believe this was a financial behemoth? Or was this just a larger bet on the conglomerate that is Musk’s quasi-meme-stock empire?
- marsten 5mo agoA lot of people believe in Musk and will invest in anything he wants to do. Is this rational? It depends on how it plays out. I think we may be seeing a new type of capitalism that maybe Steve Jobs and Warren Buffet hinted at: A business empire built around the outsized ambitions of a single charismatic individual. The valuations of Tesla and SpaceX only make sense if you attach an enormous premium to Musk the individual.
- chneu 5mo agoWe have seen that with people like howard hughes and some of the older families.
- josefritzishere 5mo agoI hate semantic arguments but have a thought. I don't think "charismatic" is the right word. Musk is more vilified than celebrated. He's like a human traffic accident, an amoral black hole of social media attention. I am not sure the English language has a word for this.
- cindyllm 5mo ago[dead]
- tim333 5mo agoWorld's largest satellite launch business and satellite communications network. There's definitely business there but it seems a bit overpriced.