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So your contention is what? This will crash? Surely you'll be shorting the stock right?
by bko 4mo ago
So your contention is what? This will crash? Surely you'll be shorting the stock right?
- matthewdgreen 4mo agoA company can have poor fundamentals compared to its stock price, and also have an enormous P/E multiple if it has committed investors. We've seen this with multiple meme stocks and Tesla. I have no doubt SpaceX will fly high for a while and people will make a lot of money, but I don't think the company is going to make $320bn/year in AI services (with 74% profit) by 2030 as the S-1 suggests. At some point the market price will coincide with real earnings.