alt Hacker News> zero rational basis
Do you really think so? Like everyone who risks their and their clients' money here is just being irrational? Is this really a coherent view? Could it not be that someone knows something you don't, or does not have the biases you have?
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drakythe • yesterday at 1:51 PM
Point us at a rational verbalized or written argument for SpaceX's current valuation (and increasing)? Everything I've read says the valuation is too high and here is why, with x, y, and z reasons. Everyone I read who encourages buying seems to be ignoring arguments entirely and going on vibes.
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Everything was in the S1 filing. There is no "secret knowledge".
The rational basis is entirely "I can sell the stock to somebody else for more money". Where in normal stock it would be "this company can make a profit that gives a return on this investment." This is a purely speculative play.