Comment by visakanv
12 years ago
Yeah, imagine investing in things like... the first electricity service provider, or the first telephone, or the first TV. All of those things are multi-billion dollar industries. I'm sure this entire exchange has been played out before for other emergent industries!
The issue is picking a winner. As Warren Buffett points out, there are thousands of bankrupt airlines and car companies. If you pick a loser, you wipe out no matter how well the industry does, as consolidation is inevitable particularly in high barrier to entry industries. This keeps early valuations low.
I am not sure if you are trying to be sarcastic or agreeing to my point.
But yes, emerging technologies are not something every common-man invests in.
Agreeing! "What use is electricity?" "What use is a newborn baby?"
Are rockets an emerging technology? There have been commercial launches for decades.
FYI, SpaceX was founded in 2002.
And well rockets is really a very broad term which not just includes spacecrafts but also missiles.
SpaceX is unique not for sending 'rockets' but it for being the first privately funded company to successfully launch, orbit and recover a spacecraft also the first private company to send spacecraft to ISS.
So yes, Space transport/travel is a luxurious and emerging market.
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