Re:SpaceX hits $100B valuation after secondary share sale
by tobyjsullivan on Friday October 08, 2021 @01:03PM
(#28801455)
You're getting downvoted but I can attest that I did exactly this. It's a completely nonsensical investment to be fair.
My theory was less "invest in Elon" and more that there are a few different scenarios (on decade+ timescales) where either Tesla acquires SpaceX or vice-versa. Seemed like the most practical way to possibly own SpaceX shares one day - even if the probabilities are slim.
It's a nicely hedged bet though. Because worst case, I've just invested in some (not much) TSLA stock.
My theory was less "invest in Elon" and more that there are a few different scenarios (on decade+ timescales) where either Tesla acquires SpaceX or vice-versa. Seemed like the most practical way to possibly own SpaceX shares one day - even if the probabilities are slim.
It's a nicely hedged bet though. Because worst case, I've just invested in some (not much) TSLA stock.