Faith in finance tends to reach its apogee only when it is ready to go down. That’s when the taxi drivers are giving out stock tips, and people think that prices are on a one-way trip ‘to the moon.'
“Danger, danger:” danger, danger Will Robinson. I respect Musk and enjoy his vision. He has been, btw, very good at squeezing money out of government to support his ideas. Bill is right, we’ve done a mess of a job on planet earth. I suspect Homo sapiens needs some spiritual growth before it can effectively venture into the heavens. Without any fu$, I’ll be curiously watching from the sidelines.
Actually, It was a bit of both. I too am a believer however, as much as I would "hope" purgatory is a way station on your way to the promised land, I cannot find it anywhere in the Bible. Any version.
where is it biblically stated? Or is it just man made hopefulness...?
I respect Bill's analysis, but I also remember that for years he counseled against buying Amazon, calling the "River of no Returns".
Personally, I do not plan to invest in SPCX, at least not for a while. On the other hand, having watched Elon for many years now, I'm certainly not going to short it either. My bets against the dollar, however, in the form of gold, silver, and mining stocks, form an overweight portion of my portfolio. I expect the same is true for Bill.
The best snake oil salesman of all time. Start a company, take investors money and usually government subsidies until the hype runs out, then move your wagon to the next town and start a fresh idea.
1.5 trillion dollars? In American dollars Bill? Based on WHAT? Hope? Caffeine? Elon’s ability to sleep four minutes a year?
But they say it’s about the future? The
future?
Los Angeles got bridges collapsing because somebody stole the copper pipes to buy meme stocks.
You know what this really is?
Wall Street figured out people are tired of gambling on Earthly companies, so now they’re selling space-themed lottery tickets to peasants with brokerage apps and emotional damage.
The stock market is the only place where people see a company lose five billion dollars and say:
“This thing is unstoppable.”
Think about it, SpaceX loses billions annually and Wall Street values it like it owns gravity itself.
Price Check
Revenue: eighteen billion
Expenses: twenty-one billion
Net loss: five billion
And Wall Street responded by adding a TRILLION AND A HALF dollars?
If I opened a potato stand losing money every day, nobody calls me a visionary. They call animal control.
Innovation they say.
Innovation? Tulip Mania was innovative. So was the Titanic. People innovate stupidity every decade.
This isn’t investing anymore. This is emotional support capitalism. People are buying shares because they wanna FEEL smart standing near rockets. 🚀
I liked it better when pyramid schemes at least had pyramids. You notice every IPO nowadays sounds like a religion?
“We will extend light and consciousness to the stars.”
You know what else extends consciousness? Mushrooms. But at least mushrooms don’t ask for eighty billion in funding.
Space X is not a stock offering. It’s something a cult leader says before everybody disappears into the desert.
The funny part is everybody knows it’s overpriced. Then why buy it?
Because they don’t wanna own the company. They wanna sell it to a bigger idiot. That’s the whole economy now.
Well done Bill. Thanx for doing the math. I’m sure this time is different, look how long the lugnuts have been buying Tesla? Still at 350 times forward earnings. I’m sure all the degenerate gamblers will be out with their knives after this.
A lot of the technology that is so fricking unbelievably important today aka AI, supposedly originated from the space program. I don't see why you have to ruin a good morning coffee by bringing math into it. However, I'm feeling kinda comfortable that we are on the same wavelength on something.
These are gravity defying, physics defying as well as dismissing entirely the P/E ratio. Only a greater fool would believe in this departure from reality and speculate here. God help them when the music stops and the bill collectors make that knocking sound.
“Danger, danger:” danger, danger Will Robinson. I respect Musk and enjoy his vision. He has been, btw, very good at squeezing money out of government to support his ideas. Bill is right, we’ve done a mess of a job on planet earth. I suspect Homo sapiens needs some spiritual growth before it can effectively venture into the heavens. Without any fu$, I’ll be curiously watching from the sidelines.
Where is purgatory? How do i get there?
Actually, It was a bit of both. I too am a believer however, as much as I would "hope" purgatory is a way station on your way to the promised land, I cannot find it anywhere in the Bible. Any version.
where is it biblically stated? Or is it just man made hopefulness...?
It’s made up nonsense
It's just made-up by the Catholics. Read the bible. The written word of the living god.
I respect Bill's analysis, but I also remember that for years he counseled against buying Amazon, calling the "River of no Returns".
Personally, I do not plan to invest in SPCX, at least not for a while. On the other hand, having watched Elon for many years now, I'm certainly not going to short it either. My bets against the dollar, however, in the form of gold, silver, and mining stocks, form an overweight portion of my portfolio. I expect the same is true for Bill.
The best snake oil salesman of all time. Start a company, take investors money and usually government subsidies until the hype runs out, then move your wagon to the next town and start a fresh idea.
Are you referencing Musk?
Yep
1.5 trillion dollars? In American dollars Bill? Based on WHAT? Hope? Caffeine? Elon’s ability to sleep four minutes a year?
But they say it’s about the future? The
future?
Los Angeles got bridges collapsing because somebody stole the copper pipes to buy meme stocks.
You know what this really is?
Wall Street figured out people are tired of gambling on Earthly companies, so now they’re selling space-themed lottery tickets to peasants with brokerage apps and emotional damage.
The stock market is the only place where people see a company lose five billion dollars and say:
“This thing is unstoppable.”
Think about it, SpaceX loses billions annually and Wall Street values it like it owns gravity itself.
Price Check
Revenue: eighteen billion
Expenses: twenty-one billion
Net loss: five billion
And Wall Street responded by adding a TRILLION AND A HALF dollars?
If I opened a potato stand losing money every day, nobody calls me a visionary. They call animal control.
Innovation they say.
Innovation? Tulip Mania was innovative. So was the Titanic. People innovate stupidity every decade.
This isn’t investing anymore. This is emotional support capitalism. People are buying shares because they wanna FEEL smart standing near rockets. 🚀
I liked it better when pyramid schemes at least had pyramids. You notice every IPO nowadays sounds like a religion?
“We will extend light and consciousness to the stars.”
You know what else extends consciousness? Mushrooms. But at least mushrooms don’t ask for eighty billion in funding.
Space X is not a stock offering. It’s something a cult leader says before everybody disappears into the desert.
The funny part is everybody knows it’s overpriced. Then why buy it?
Because they don’t wanna own the company. They wanna sell it to a bigger idiot. That’s the whole economy now.
You know what’s gonna happen eventually right?
Gravity
Hilarious Bill as usual, how much return on investment are shareholders (taxpayers) getting from NASA?
Elon is a towering phony: https://mileswmathis.com/musk.pdf
With Space-X we may actually find out who built the pyramids.
Well done Bill. Thanx for doing the math. I’m sure this time is different, look how long the lugnuts have been buying Tesla? Still at 350 times forward earnings. I’m sure all the degenerate gamblers will be out with their knives after this.
A lot of the technology that is so fricking unbelievably important today aka AI, supposedly originated from the space program. I don't see why you have to ruin a good morning coffee by bringing math into it. However, I'm feeling kinda comfortable that we are on the same wavelength on something.
I am pondering whether or not RKLB will benefit from all the hype of SPCX IPO.
I understand RKLB's new Neutron rocket (to be launched later this year) will offer a lower ROI than SPCX.
I bought in at $8 a couple of years ago...
RKLB is a major manufacturer of space bound solar panels as well as a big player in LEO launches.
They are introducing a new "Neutron" rocket that is fueled with liquid oxygen and methane, designed for efficiency and reusability.
RKLB is also aiming to launch humans and engage in future Mars programs.
IMO RKLB is like buying into SPCX 3 years ago (if you could've).
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Yes, the P/E's are negative and everything is frothier than a shook beer.
But with the Ai train barreling down the Wall St tracks and more hobo's still jumping aboard... not so sure it's going to derail soon.
And have y'all seen the price of rocket fuel lately?!?...
These are gravity defying, physics defying as well as dismissing entirely the P/E ratio. Only a greater fool would believe in this departure from reality and speculate here. God help them when the music stops and the bill collectors make that knocking sound.
Bon Voyage absolutely ..!