I have nothing to say about this company's long term potential, but I'm curious to know whether this will become an enormous "tik stok" like SK Hynix became in South Korea. I've watched a short documentary about the investment mania in SK and it's really scary.
Morgan Stanley's target price for SPCX in their report is $300, with $8 being the space component, and the $292 being everything else, like what actually gets put into space. The Morgan Stanley report doesn't say SPCX is worth $8/share. Just wanted to be clear and not have a conversation based on vague implications.
South Korea has opened its financial doors to the outside world, and since SK Hynix is a publicly traded company, that's allowed capital to flow in and take control of the company.
I lived through the crash of 1989, the Dot Com crash in 2000, the GFC of 2008, and whatever the crash and WSB speculation in 2020 were called. None of them had a tiny blast radius like you suggest.
If 30% of adults in your country suddenly lose, say, half their wealth from a stock market crash, it's going to affect everyone in the country - not just the investors.
To use an example, the Great Depression wasn't sunshine and roses even for the people who kept all their money under the mattress. Their job was just as likely to go out of business.
