> Imagine not wanting to own a piece of the first company to make a re-usable orbital class booster.

They didn't say they didn't want to own it, they said they wanted to own it at a : "90% discount after the IPO and the next tech / AI correction."

It is possible for a company to be both technically impressive and horrifically overvalued.

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hparadiz an hour ago | parent [-]

I think it's undervalued.

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amanaplanacanal an hour ago | parent | next [-]

Have you looked at the S1? The valuation is not based on launchers, it's based on all the potential money they can make as an AI company. Given that they are probably not even in the top 10 in that business, it's just pie in the sky.

	▲	anonymars 35 minutes ago \| parent [-]
		Welp, if enough people think like the other fella, line will go up and money will be made Something about finding out who's swimming naked once the tide goes out

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FireBeyond 27 minutes ago | parent | prev | next [-]

Great, you have an opportunity to make bank, then, no?

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lostlogin an hour ago | parent | prev [-]

If Musk thought that, why would he need to have all the rules changed?