I'm a passive investor (I basically use a SP500 blend with international stocks minus some companies based on personal rules) but I like to listen to financial news as a way of setting exceptions.
Today I decided to listen to (or watch) [this](https://www.youtube.com/watch?v=we32_Evk-28) interview. At about 1:00 time stamp the interviewee says:
>I know personally what I am looking for are going to be updates on how they're going to get to that really ambitious road map that they sold the entire IPO on: AI data centers in space, the V3 satellites, progress on Starship.
I think that those are going to be the things that will really move the needle in terms of are they actually making progress there?
I have edited the transcript a bit to remove extraneous phrases, I am not criticizing her way of talking or mannerisms, that would be mean.
Are we really talking about AI data centers in space? On Bloomberg, not some dinky Musk-bro pseudo news, we are talking about something that all of the scientific community and engineering community says won't work. We are basically only talking about this because one guy likes the idea of it.
I'm not interested in arguments that this will work. I have stated before that IMO the only reason for Tesla's, and now SpaceX's, high valuations is just Musk-bros buying and holding the stock. Basically a crowd sourced stock buy-back. I still think this though clearly with SpaceX there are some that are selling.
I'm more interested in the title of my post: How did we get here?
Could it be so simple that we haven't had a real recession since 2008? COVID was strange with a lot of people (me included) feeling fine (less commuting and free money from the government, I realize that people where dying). Too long with no recession and speculative assets seem safer than they are?
Is buying and holding Musk-inc (catch all term I'm making up) driven by some kind of desire for control in a world that seems unaffected by the individual?
Is Musk and his ability to sell 'Elon-Bull-Shit' (other term I made up) just super good? Like this guy just has a charisma stat in space (pun intended) and has duped people.
I feel like I am watching a car (like a Daka Rally car, representing SpaceX) go 100 mph to an area that I know there are cliffs. I don't know where the cliffs are so I don't know when the car will crash but I know that in that area there are cliffs. Bloomberg is running shows talking about how the car will fly over the cliffs but the car has no wings. I want to know who keeps putting gas in the tank of this car, and what they are thinking.
I don't hold positions in Tesla or SpaceX (long or short). I did have a position in Tesla but then sold it in early 2025 as it violated one of the rules that I use for disqualifying companies from my portfolio. The rule: The CEO has been credibly accused of being a NAZI.
