SpaceX is now combined with Twitter and that jank xAI. The majority of the “valuation” comes from fantasies about how AI is going to bring in trillions of dollars.
I’ve kept some US exposure, but I moved to a value-based index fund that weights not based on market cap, but by objective measures like actual earnings, book value, etc.
SpaceX is now combined with Twitter and that jank xAI. The majority of the “valuation” comes from fantasies about how AI is going to bring in trillions of dollars.
Exactly. It’s not only not profitable, but the valuation is nearly 100x revenue. And that revenue is just government largess.
I personally dropped all my index funds to avoid this grift.
I’ve kept some US exposure, but I moved to a value-based index fund that weights not based on market cap, but by objective measures like actual earnings, book value, etc.