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space SPACs

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Bernstein, in his Delusions book, points out that the big stock busts of the past centuries were mostly based on popular enthusiasm for new technology: clipper ships, railroads, radio, internet, like that.

This week's Aviation Week mag has a piece about space SPACs. The next big bubble may center on electric aircraft (especially urban transport) and private space ventures, huge satellite constellations and inflatable space stations and moon/Mars colonies.

They say that 25 new SPACs are being started per week, and there are abour 200 new space startups per year. Two are walking distance from our shop, Planet Labs and Spire.

Anyone day trading?

Reply to
jlarkin
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Oh, SSTs too.

Reply to
jlarkin

This rather ignores the fact that there was lots of money to be made from clipper ships, railroads, radio and the internet.

The big stock busts came from people who exploited the enthusiasm for investing in the promising areas, without having the skill to make profitable use of their investor's money.

Moon and Mars colonies don't look like any kind of profitable investment yet. Super-sonic transport is always going to be a niche market. "Inflatable space stations" are a nonsense.

Reply to
Bill Sloman

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