Many might be looking at @SpaceX as a stock market play
For most of us though: we’re investing for the real possibility that we might actually see the futures we were promised in our lifetime.
Legendary investor Jeremy Grantham just torched SpaceX on 'Diary of a CEO', calling it a “fabulous BS story” that will fail to deliver on its wild prospectus promises — including mining asteroids.
BARTLETT: “You think SpaceX will fail?”
GRANTHAM: “I think it would fail to deliver anything like its promises in the perspectives. Yes, absolutely.”
“SpaceX is such a fabulous BS story. Mining asteroids… It’s the classic description of a market peak. It’s what you look for at the top of a terrific bubble.”
“He [Elon] is so good at BS that he took Tesla stock up to four or five times what it was worth on paper. Sold a ton at those inflated prices to build the gigafactory. It became a self-fulfilling prophecy. Now SpaceX requires him to do the same again.”
“That’s what he says about the asteroids and everything. Going to Mars is not within the laws of physics. It’s a one-way ticket… You have to protect yourself against cosmic rays and gravity issues. We’ve never built a sustainable dome here on Earth — they all fail. We’re destroying this planet, yet we think we can colonize one that’s infinitely more hostile.”
“That’s the really bad news embedded in your stock — pure fantasy at the exact time our own planet is under threat.”
BARTLETT: “Would you ever invest in SpaceX?”
GRANTHAM: “Yeah, of course… if it came down to 10 cents on the dollar.”
I’m 99% sure that @Nextdoor creates a new notification category every quarter so they can blast their whole email list and force you to unsubscribe again.
Michigan needs real, strong, transformational leadership — what have you actually accomplished in 8 years?
Poor education outcomes, mid economy, low population growth, and limited to no job opportunities for young people due to basically no industries except auto and marijuana.
@elonmusk@xai@SpaceX@Tesla@Starlink
Grok should be the world's best logistics AI. Not try to imitate others. Integrate Tesla real-world data and Starlink to move the world's freight the best and anticipate delays from local conflicts. SpaceX acquired xAI. This is the time. Buy @flexport.
Michigan needs real, strong, transformational leadership — what have you actually accomplished in 8 years?
Poor education outcomes, mid economy, low population growth, and limited to no job opportunities for young people due to basically no industries except auto and marijuana.
@elonmusk@xai@SpaceX@Tesla@Starlink
Grok should be the world's best logistics AI. Not try to imitate others. Integrate Tesla real-world data and Starlink to move the world's freight the best and anticipate delays from local conflicts. SpaceX acquired xAI. This is the time. Buy @flexport.