alt Hacker NewsDid 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?
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?
A 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.