Charlie StrossJun 23

RE: https://mastodon.social/@blogdiva/116800702398076972

I remember this happening A LOT in 2020: overvalued prices at IPO followed by a brisk tumble and no recovery ever.

SpaceX has a viable rocket business (Kesseler syndrome permitting) but in no way was the IPO price justified and those shares are never going to recover this side of 2050.

Show threadXCondE

@cstross I thought that the viable part of SpaceX was Starlink.

Their AI business is a cash burning machine, and the rockets rely on government money (which is ok but comes with inherent risk).

Jun 24 at 12:52amWeb