SpaceX is now worth more than Amazon.
SpaceX market cap is $2.75 trillion, Amazon's is $2.65 trillion.
Amazon's profits were $78 billion last year. SpaceX lost $5 billion last year.
I genuinely don’t know what’s going on anymore. Are we pricing businesses based on earnings, or just on how exciting the future sounds?
One thing I’ve noticed:
The people with the least money are often the ones who understand money the most.
They know exactly what everything costs because one wrong purchase can ruin their week.
A lot of wealthy people aren’t financially smarter.
They just have enough money to survive their mistakes.