Comment Re:The SpaceX Valuation is Insane (Score 4, Insightful) 49
SpaceX is worth more than Microsoft or Amazon at this point. It boggles the mind how much people are betting on the future just because Musk is a genius. If he gets sick the stocks craters 80% easily and this $60B is more like $12B.
He's not a genius, I sincerely think he's average to slightly below average intelligence for a software dev. Just look how clueless he really is when he pretends to be a technical guru in front of actual experts.
That doesn't mean he doesn't have some exceptional skills, but IQ isn't one of them.
First, he's hard working, at least in spurts (during critical deadlines), and he's willing to make and implement big decisions quickly. Just look at DOGE, Republicans have been trying to lay waste to the US government for decades, but Musk is the only one to actually do it. It was a complete disaster, but it wasn't ethics or common sense that stopped the previous attempts, that's a legit talent for Musk.
Second, CEOs aren't allowed to lie, but Musk has figured out that you can get around that by building a cult of personality and then making ridiculously optimistic predictions and then sell minor advancements as progress. The result is he has a core group of retail investors that buy his stocks based on vibes and refuse to sell once in. Since these retail investors prevent the stock from going down too much institutional investors also jump in on the ride. It's basically tulip bulbs.