While I wouldn’t recommend investing in SpaceX (or any company contingent on Elon Musk’s wild claims, which often prove to be unfounded), investing in general is volatile and share prices fluctuate daily.
What’s wild is that SpaceX’ satellite Internet product is actually really good, but the valuation of this company is insane and that retail investors have no voting rights is a huge red flag, and therefore it’s important to stay the fuck away.
Their internet offering isn’t good at all because there are no safeguards in place to stop a literal maniac from cutting off your internet because he didn’t like a tweet you wrote. He’s done it before and he’ll do it again.
There are still parts of the world where even that beats out all the alternatives. They just aren’t terribly lucrative parts; thus the no good alternatives.
I repeatedly scorned Tesla shares because they are an awful company doing very badly and living on hype from their insane leader. But do I wish I bought 10 years ago…? It’s gone 30x since then.
While I wouldn’t recommend investing in SpaceX (or any company contingent on Elon Musk’s wild claims, which often prove to be unfounded), investing in general is volatile and share prices fluctuate daily.
What’s wild is that SpaceX’ satellite Internet product is actually really good, but the valuation of this company is insane and that retail investors have no voting rights is a huge red flag, and therefore it’s important to stay the fuck away.
Their internet offering isn’t good at all because there are no safeguards in place to stop a literal maniac from cutting off your internet because he didn’t like a tweet you wrote. He’s done it before and he’ll do it again.
There are still parts of the world where even that beats out all the alternatives. They just aren’t terribly lucrative parts; thus the no good alternatives.
I repeatedly scorned Tesla shares because they are an awful company doing very badly and living on hype from their insane leader. But do I wish I bought 10 years ago…? It’s gone 30x since then.