CryptoWeb News: Satyajit Das said that the current high valuations of space and artificial intelligence companies are similar to the situation of internet companies before 2000. Investor herd mentality is dominating the market rather than financial and technological realities. SpaceX’s IPO and the upcoming AI-related financing are also similar to the period before the 2000 internet bubble, resulting in losses exceeding $50 trillion. Even survivors such as Amazon and Microsoft saw their stock prices fall significantly, and recovery took years. Today, familiar mistakes involving technology, investment approaches, business models, and valuations are repeating themselves. SpaceX’s outlook is full of uncertainty, especially as it faces challenges from state-funded competitors. The revenues and growth of OpenAI and Anthropic have also been affected by competition from cheaper open-source models. The current valuations are disconnected from reality: at the June financing round, SpaceX’s market valuation was close to $1.8 trillion, far above its actual revenue.

SPCX-3.14%

AMZN-1.96%

MSFT1.39%

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WalletMaster

· 3h ago

The retail traders rushing in now will most likely become the bag holders. Institutions can cash out, while retail investors can only wait to break even.

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ZeroTransferSlayer

· 5h ago

History won’t simply repeat itself, but it always presses down on similar rhymes.

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VolumePriceDivergenceHunter

· 8h ago

The Bitcoin drawings are getting bigger and bigger—it remains to be seen who can run faster.

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NeonMeltsIceCream

· 8h ago

SpaceX is valued at 1.8 trillion, yet its actual revenue falls far short—this multiple is even more outrageous than the dot-com bubble of years past. AI fundraising is the same: open-source model competition is fierce, so just how deep is OpenAI’s moat? After the capital frenzy, there’s a mess left behind.

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MAWeaver

· 8h ago

The foam’s recipe is exactly the same as before—this time won’t be an exception either.

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ArbitrageFox

· 9h ago

Every time it says this is different, but the result is always the same. Valuation has gotten detached from fundamentals—sooner or later, it has to be paid back.

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