Not sure why you're being downvoted, that was my first thought as well. Sure, I understand the concept of defensive acquisitions, valuation as what people are willing to pay, per-user value, developing world markets, etc. But rockets are still rockets, and a messaging app is still a messaging app. I think it's the incredible disparity in total embodied energy for WhatsApp vs SpaceX that makes this intuitively hard to accept.
>But rockets are still rockets, and a messaging app is still a messaging app. I think it's the incredible disparity in total embodied energy for WhatsApp vs SpaceX that makes this intuitively hard to accept.
The hardest thing I ever did as an investor was let go of thinking there's some correlation between the things I like and market value.
