Plenty of companies have traded at prices that assumed almost everythign would go right. Most of those expectations eventually proved wrong but that doesn't retroactively make them scams.
If the argument is that space data centers or some of these future initiatives are technically unrealistic, then criticize those ideas on their merits. If they're impossible or economically irrational, the market will eventually price that in, even if it takes a long time horizon.
Fuck, even Grok would have told him this.
The SpaceX IPO was intentional deception - no doubt.
You may be passionate enough to say intentional deception no doubt. I would argue I am happy to let the market figure it out. It may take a while but eventually over a long enough horizon it should figure it out.
SPCX says their TAM is $29 Trillion, an intentionally deceptive number. Anything they say about Mars is an intentional deception, at least until they develop a lander or a habitat or select one (1) astronaut for this.
There is a difference in wearing rose colored glasses and saying wild shit to deceive people.
For example, he's talking about data centers in space as the "everything else coming through the pipeline" and space data centers are an obvious engineering boondoggle, but sound cool to people that don't know anything about data center design or the challenges of space engineering (ie heat rejection)