Veteran Investor Calls SpaceX a ‘Highly Speculative Game,’ Says Its Valuation Already Assumes Elon Musk Hits ‘Pie in the Sky Goals’
Investor Chris Camillo questions SpaceX's $1.6 trillion valuation, citing speculative assumptions and heavy spending.
An experienced investor thinks SpaceX's value may already be counting on big goals that haven't happened yet, kind of like assuming you'll win the lottery before you buy the ticket. When a company's price depends heavily on future dreams instead of today's real money, that's worth thinking carefully about.
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