It’s insane that they’re basically trying the “wait, so if a company issued a trillion shares but only floated one and found one dude willing to buy that share for $100 they’d technically be the most valuable company in the world” thought experiment people use to point out how valuation is weird.
Andrew Parker
Hi! I'm Bret Rhett Chet, here to tell you why you should buy and hodl SpaceX stonk. For a mere $135/share, you get pro forma tangible book value of $7.85/share, an immediate 94% dilution. New investors are putting up 48% of all capital ever invested in SpaceX in exchange for 4.2% of the shares.
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