This isn’t even remotely true. $AMZN went public in 1997 at a $450M valuation, or 3x revenues. $GOOGL went public in 2004 at a $23B valuation and at 7x revenues. $META had a $104B valuation in 2012 at 20x revenues(and immediately sold off almost 50%). SpaceX dwarfs these numbers.
@miscomputate it’s not about numbers with this stock, it’s about narrative. and where was the narrative that the 256 qb computer did something new? no news, sell
Whether you own it or not, $WLAC is critical for SPACs. 90%+ of SPACs don't work; but names like this are what give us hope. Not just hope - but the ability for the theoretical "equity upside" to be a reality. Otherwise, these are just discounted TBills. Hopefully there are more.
@NickNemo17 pe-level keverage on dual-sided platform businesses with a declining core retail business model hit damn who wouldn’t be cool with 8x that 4d chess move