Pretty damn cool that we live in a time when it’s possible to build a $74B private space company. Basically anything is possible.https://www.bloomberg.com/news/articles/2021-02-18/spacex-funding-round-at-74-billion-valuation-was-led-by-sequoia …
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Part of the reason this is possible now is technology. But another part is the evolution of funding. Boeing had to fund itself with bank loans.
Incidentally, these improvements in technology and funding are also a big, if not the biggest, cause of the increase in economic inequality at the high end of the wealth scale. You can't have valuable new companies without founders who own big chunks of their stock.
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Sad that retail investors can't fund SpaceX... where dem SPACS at ?
@AnthonyOhayonThanks. Twitter will use this to make your timeline better. UndoUndo
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Another contributor to the inequality is the inability for non-accredited investors to invest in most private companies.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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