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A comment on SpaceX becomes the second-ever unicorn company to reach a $100B valuation. Parent comment

Re:SpaceX becomes the second-ever unicorn company to reach a... by dumbfounder on Saturday October 09, 2021 @06:17PM (#28813815)
I am guessing you aren’t a big crypto investor :). You are making an assumption that the other investors are all rational and use the same criteria when buying stocks. That is becoming less and less true every day.
[ Parent | on HN ]
Re:SpaceX becomes the second-ever unicorn company to reach a... by GDC7 on Saturday October 09, 2021 @06:22PM (#28813859)
Well if that's the case we can all go home, welcome our quant finance overlords with grace and hope they are magnanimous towards us mere mortals.

Reading other people's minds is not yet possible :( , for everything else there's AQR, RenTech and D.E. Shaw.

[ Parent | on HN ]
Re:SpaceX becomes the second-ever unicorn company to reach a... by dumbfounder on Sunday October 10, 2021 @10:11AM (#28818551)
My point is that some stocks people are buying with their hearts and not as much with their brains. They believe in the future and they buy no matter what the price. Revenue multiples are not considered. Spacex will almost certainly be one of these stocks when it goes public.
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Re:SpaceX becomes the second-ever unicorn company to reach a... by GDC7 on Monday October 11, 2021 @05:15AM (#28826350)
that is the same as my point. You have to be able to read the emotions of all the other market participants
[ Parent | on HN ]