TeknOShEeP
13hr ago
And companies would never lie on their S-1s...
As an aside, that form was the best piece of fiction I've read in a long time. Swap the numbers between AI and space valuations and it might approximately resemble the truth.
TeknOShEeP
3d ago
Washington residents have voted for a lot of things, and then the WA supreme court overturns them arbitrarily, whilst letting their favored laws stand. My favorite recent example is their ruling that a capital gains tax is not an income tax under the state constitution. This is despite the state itself directly reporting said revue in their own accounting as an income tax.
Eh, I think a company's valuation can be broadly detached from fundamentals without being a meme stock. Generally meme stocks have nothing really of value other than flash in the pan popularity. SpaceX, regardless of their AI valuation, is still the undisputed leader in a rapidly growing, extremely high moat, extremely high future valuation industry (launch and space transport services). $SPCX is overpriced becasue all techy stocks are overpriced, but there is substance behind the hype.
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