Manuel Teicu retweetledi

Let me be clear!
A valuation of SpaceX around 1.75 Trillion USD is complete insanity.
There is nothing supporting this valuation.
Could it rise higher anyway initially? Sure! That would be normal in the phase we are in.
But - it would be completely unfounded based on earnings.
More Perfect Union@MorePerfectUS
NEW: Elon Musk wants a SpaceX IPO valuing the company at upwards of $1.75 trillion. To get there he got the rules changed so that index funds, with millions of Americans' retirement savings, are forced to buy in. Retirees could take huge losses, while insiders cash out.
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