Comment by maxglute

The chance of US debasing currency to dig out of debt hole by brrrrting money printer is not zero.

But 15 years is also plenty of time for PRC to establish reusable and lithography to invalidate SpaceX valuation rational by driving terrestrial dc and launch to commodity prices. It's like EVs, anything PRC decides to prioritize industrially, competitors going to have a bad time, but still doesn't stop market for valuating Tesla more than all PRC auto producers combined.

Would not be out of question for finance bros to figure out how to continue decoupling valuation from reality if that keeps system going.