I am not smart enough or have the energy to debate something in the future that is unprovable. I rather take people who are willing to put in billions who likely have researched the viability over a bunch of SDN space "experts" whose expertise is medicine.
It's OK to think for yourself.
You may be surprised, but lots of doctors have previous lives before medicine in which they acquired knowledge or expertise that permits them to speak knowledgeably about non-medical topics.
You may also be surprised, that a significant percentage of the people who are putting $billions into _________ are fully aware that _________ isn't going to work in the long term, but that there's potential for extraction of money from other people in the short term, before they abandon ship.
Again, I'm not "betting against Musk" - I'm actually not betting at all. And he may very well profit from this idiotic "space data center" gold rush
- by selling rocket launch shovels to ....
- satellite makers who are selling the space-data-center shovels to ...
- AI startups thirsty for compute capacity who are angling for a buyout while selling chatbot shovels to ...
- etc
all fueled by retail investors pouring money into an idea they are convinced is viable because "people are willing to put in billions who likely have researched the viability" ...
I hope you profit in the short term and get out in time, because orbital data centers are the most obviously stupid idea to come along in, oh, at least a couple weeks. The grift is multiple layers deep and SOME people will extract money from the churn.
I doubt Ron Baron or Cathy Woods would be putting in Billions of their own/company $$$ if they did not see a strong path to profitability. As I always say, if someone really believes something then they should be able to make lots of $$$$. If you do not think it is viable/practical, then you should be shorting or doing bearish options. You would be as rich as those who shorted Tesla when they all said Tesla was a Meme stock worth less than Ford.
Regarding shorting: the market can remain irrational longer than anyone can remain solvent.
Remember that famous shorter, Michael Burry, who shorted the housing market before the crash, and made a bunch of money? Minor detail in that story - he was losing enormous amounts of money paying the premiums, and was on the edge of getting the rug pulled out from under him when the market proved him correct, just in time. It's not enough to be RIGHT when you short something, you have to be right at the right time, and be willing to accept high risk, which often shows up.
In any case, there's another option for people who do not think something is viable/practical, beyond "shorting or bearish options" - just don't buy the stock. That's a little difficult if you favor index funds, but it's possible to limit the exposure to some degree.
