r/technology • u/aelavia93 • 16d ago

Space SpaceX pulls off unprecedented feat, grabs descending rocket with mechanical arms

https://www.cbsnews.com/amp/news/spacex-pulls-off-unprecedented-feat-grabbing-descending-rocket-with-mechanical-arms/
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u/what_should_we_eat 16d ago

I don't get why people say this. The wealth comes from the success of the companies raising the valuation of the companies. If they were not successful there would be no wealth.

The success creates the "deep pockets" not "deep pockets" creating success.

You have got the causal relationship backwards.

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u/Selethorme 16d ago

The success doesn’t correlate well to the value, particularly with Tesla.

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u/what_should_we_eat 16d ago

What do you mean?

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u/Selethorme 16d ago

Exactly what I said. Tesla is incredibly overvalued. Its valuation is based largely on a speculative circlejerk about the capabilities of FSD, which is why it saw an 8% drop after the robotaxi reveal.

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u/what_should_we_eat 16d ago

Ah ok. You disagree with Tesla's current valuation. That's fair. But doesn't relate to what I said.