News for hackers. Stuff that matters.

A comment on SpaceX Is Raising $500M at a $30.5B Valuation. Parent comment

Re:SpaceX Is Raising $500M at a $30.5B Valuation by RivieraKid on Tuesday December 18, 2018 @10:52AM (#18707404)
> If I could invest in SpaceX, I would.

I wouldn't because I don't trust Elon Musk's honesty with investors.

Also, I don't understand the argument "I would invest because positive thing X" - how does it imply that buying the company at market price is more profitable than buying a stock index?

[ Parent | on HN ]
Re:SpaceX Is Raising $500M at a $30.5B Valuation by mabbo on Tuesday December 18, 2018 @11:06AM (#18707572)
I should rephrase: if I could buy SpaceX with the company valued at only $30B, I would buy stock in it. That seems undervalued to me, given the above. I believe the company will be worth more than that in both the short and long term and therefore it's a solid investment.
[ Parent | on HN ]
Re:SpaceX Is Raising $500M at a $30.5B Valuation by AcerbicZero on Tuesday December 18, 2018 @12:44PM (#18708636)
For the same reasons that some people choose to divest themselves from companies which they have personal moral disagreements with, some people want to invest in companies that directly or indirectly align with their views. I don't believe the comment above was meant to be taken as a purely financial move.
[ Parent | on HN ]
Re:SpaceX Is Raising $500M at a $30.5B Valuation by mrnobody_67 on Tuesday December 18, 2018 @03:54PM (#18710450)
Most recently he diverted SpaceX resources to the boring company without board approval....
[ Parent | on HN ]