> Imagine not wanting to own a piece of the first company to make a re-usable orbital class booster.

They didn't say they didn't want to own it, they said they wanted to own it at a : "90% discount after the IPO and the next tech / AI correction."

It is possible for a company to be both technically impressive and horrifically overvalued.

Yeah, I also don't want to eat a tasty morsel if you roll it around in the dirt and serve it up covered in bugs and hair.

And that's basically what SpaceX is right now after you account for xAI and twitter in the mix.

So I'd love to own a piece of the SpaceX from a decade ago - but the current offering smells pretty bad.

Combined with the fact that at this point, Musk clearly isn't opposed to running a business with dramatically inflated valuations based on vaporware, lies, & hype (cough - Tesla - cough) it just makes me far more skeptical than I might otherwise be.

I think caution is warranted here.

Essentially - I want to own the SpaceX that could have been if we didn't end up with the shoddy k-hole version of musk in charge of things.

Don’t make emotional investment decisions!

I'd love to own SpaceX - what I don't want to own is all the unprofitable, toxic dogshit its ketamine-addled CEO folded into it that has nothing to do with putting stuff into orbit or selling Starlink.

This implies there's no price at which owning SpaceX is a bad idea, which is obvious nonsense.

Imagine buying the most overvalued company of all time helmed by a crazy man who does Nazi salutes. Payback period? Who cares! Orbital class booster yayyyy

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