The worst thing is everyone’s 401k is gonna be left holding the bag.
My controversial opinion:
We did this with sci-fi.
Too many people think their future actually looks like Star Trek or Mars terraforming movies or whatever, and buy Musk’s claim he’s going to make humanity an interplanetary race.
But it doesn’t work like that.
Space travel is impossibly hard. It is just impractical for human bodies, as they exist now, outside of specific scientific missions. Physics dictates that it is expensive. Quantify it, and basically, civilization woukd have to advance to a point where our Earth problems are already trivial to even begin mass manned space travel.
Don’t get me wrong, I’m all for drone work in space, crazy science missions, and beautiful, hopeful speculative sci fi.
But I feel like the population needs a cold bucket of water. Space travel is not going to save us; Earth is all we got for now.
As proven by the voting public, too many people live in a fantasy land where the impossible is possible, like making lying cheaters into honest presidents. I don’t understand what benefit anybody thinks they could get from a space station on Mars. It’s not like they’re gonna get to live there or get any of the benefits from it. It must be the same people that refused to place any restrictions on Billionaires, like taxes, somehow they think a billionaire base on Mars is good for them.
That’s exactly what they think. They literally think Elon Musk is going to take them to Mars and automate work with AI robots and such, because nothing in their information sphere ever contradicts it.
It’s not fair to expect the average person to understand orbital mechanics, but putting them in an information bubble like Musk has is not fair to them.
It would probably work out better for everybody if he actually did take them to Mars.
Needs more Joker. Not the meme, the literal, actual Joker.
It will never not be funny to me that most white supremacists look like their mom drank bleach in order to abort them.
I have no economic knowledge or trading ability, here’s my very important prediction…
…this is a huge rug pull and the billionaires in on it are going to make a lot of money.
Man this is great! My theory is the simulation ends when the first person hits a trillion. If that’s the case then this hellscape is almost over everyone! Someone finally won the damn game and we can all log out!
That was the case, but they got a new grant and now the simulation goes to quadrillion
Holy fuck your mod log is… Christ…
God damnit!
A theoretical trillion or a real trillion though?
Somebody’s been watching Sword Art Online.
Elon Musk is already worth over trillion
The game rules were written using the long scale, so the guy is actually becoming the first billionaire.
Yea, we should be getting the server is going down message any time now, right? …. Right guys? guys?
The admins have decided that most of us can take so much more absurdity before we break. This experiment is sick, I tell you.
Indistinguishable from people who say we need to create greater Israel so that God ends the world
Well that’s a huge reach off of a shit post.
Taking that awfully seriously for a shitpost
Aahh man so then we all gotta start fresh on a new server? Geez never a relaxing moment
I’m ready for a new game - this one sucks
monkey paw: New Game +,
No health Regen this time, every scratch bleeds you to death. You can still keep your stuff from the previous game 😘
Logoutlogutlogoutlogoutlogout
Yeah this one is so buggy and I swear I have like 2000ms
MBS has been there for a while
MBS?
Saudi Arabia’s king.
When this bubble pops we are all fucked.
Not everyone, just the avarage person. Billionaires will be just fine and completely safe frome the consequences.
The face of delight.
“Am I shitting my pants right now or is someone else shitting them?”
Donnie is understandably mad that Elon interrupted his work-time nap.
You mean Tesla, right?
Because SpaceX just got 25% over their 94x guess…
I don’t think the average trader is convinced of this at all. I think they just know to buy in early to ride the hype, then sell it once the hype dies down. Short term gains.
And if their value drops, just have your other company bail them out for triple their value and make your company double in value! Woooo!
25 P/E ratio isn’t even that bad, especially for a tech company
100 on the other hand…
For a startup.
When you have a virtual monopoly and are the company with the world’s highest valuation, you shouldn’t be in growth mode anymore. This valuation is bananas
I wish Elmo will be the first trillionare to be shot in the neck
What is the normal ratio of annual revenue to valuation?
10x is considered normal for big corpos.
For growing companies and startups with (perceived) bright future it can go up to 40x, but only for a short time during initial growth stage.Edit: SpaceX P/E ratio at the IPO is 94. Which is insane.
Nvidia trades at x22
10x
Something bellow 4. Something bellow 7 in industries that need a lot of capital to make a little revenue.
4 P/E would be insane. Please show me a health company in any time in modern history with the P/E ratio that low.
Everybody here is talking about P/S, not P/E.
SpaceX P/E is negative.
It’ll tank once it’s absorbed into the Nasdaq 100 in a few weeks.
Don’t bet in it. The market isn’t rational. Look at Tesla’s current valuation compared to companies like Toyota.
