It's a little crazy they haven't tried to sell it off yet. Maybe they don't want to trigger a bank rush or they're limited in their ability to do so?
replywhy would they sell? because of ridiculously large the valuation is? like, I guess at SpaceX's valuation there's tremendous downside and little upside (x2 growth is unlikely when it's a third of the tech sector)
replyI could also see some key decision-makers just being nerds that like space.
replyI don’t see how America or Google remain relevant unless SpaceX succeeds .
replyHuh?
replyThey invested $900 million[1] in 2015, and it is worth $94.1 billion today. Why sell? They also likely have restrictions on selling post-IPO, but I don't think you can trigger a "bank run" on a stock anyway; the price will just keep adjusting as you sell/buy until it gets absurd.
replyA bank run happens when everyone tries to withdraw all their money at the same time and the bank runs out of cash. Not really possible in the stock market where companies literally can create/destroy shares and there is a whole secondary pricing layer to it.
1. https://www.reuters.com/business/finance/alphabets-spacex-be...
>They invested $900 million[1] in 2015, and it is worth $94.1 billion today. Why sell?
replyDidnt you answer your own question? Most would consider a 100x ROI more than sufficient for taking profits
$94.1B will barely buy you some RAM.
reply