Elon Musk’s SpaceX Is Raising Money at a Valuation Approaching $10B

Re:Elon Musk’s SpaceX Is Raising Money at a Valuation Approa... by AndrewKemendo on Tuesday August 19, 2014 @11:28AM (#8197831)

Unfortunately that's not how economics works. Inbuilt into your statement are a couple of biases. Chiefly, that on the basis of total economic value:

glorified messaging app < puts things into orbit and literally does rocket science

...which is not necessarily the case.

Now, we can talk all day about whether EMH is accurate or not and if the investors in these companies have "perfect information" or not, but there would have to be pretty conclusive evidence that there is something other than economic forces impacting investors valuation of these companies.

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Re:Elon Musk’s SpaceX Is Raising Money at a Valuation Approa... by TeMPOraL on Tuesday August 19, 2014 @11:57AM (#8198017)

> glorified messaging app < puts things into orbit and literally does rocket science

This is obviously not true if you count economic value, and obviously true if you count "value" as in something good and useful for humanity. In our economy, the former is a proxy for the latter, but both forms of "value" are getting more and more misaligned nowdays.

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