alt Hacker News> Founders Fund are less worried about short term setbacks than your average mutual fund
Fidelity has been an investor since 2014. The only new money flows will be index and retail; everyone else has had access for years.
> Founders Fund are less worried about short term setbacks than your average mutual fund
Fidelity has been an investor since 2014. The only new money flows will be index and retail; everyone else has had access for years.
Those funds have more capital to allocate to profitable publicly traded companies than they did to speculative bets on unicorns, and more importantly now have an easy offramp if their investment thesis isn't as aligned with the Kardashev scale as the true believers.
The risks they care about will be more "Starlink growth slows" or "orbital datacentre has horrible operating economics" than "Starship launch anomaly" though, and I agree it'll make zero difference to how SpaceX operates both because Elon isn't afraid to tank valuations and because retail loves him unconditionally. And the bull case for SpaceX is still stronger than the bull case for Tesla which happily trades at valuations north of $1b.