Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner

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Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner

Barrons2021-07-21

Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...

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DavvYap
·2021-07-22
[開心]
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AL52
·2021-07-22
Interesting way of thinking of this. But both space launches were great to watch
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1
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LHJarsenal
·2021-07-21
Like pls.
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CIG
·2021-07-21
Ya, I like Musk.
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BinLong
·2021-07-21
SpaceX is still the top dog in the commercial space flight.
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3
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miyakos
·2021-07-21
Yes
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BokWoon
·2021-07-21
Well said.
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5
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- miyakos:
  agree
  2021-07-21
  Reply
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skylander
·2021-07-21
Rich man game! We can only eat popcorn and watch them play
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- BinLong:
  ???
  2021-07-21
  Reply
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- peng321:
  lol
  2021-07-21
  Reply
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- NatYong:
  You are right
  2021-07-21
  Reply
  Report
TLC88
·2021-07-21
$Tesla Motors(TSLA)$???
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7
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- BRVVE Mutual Fund:
  ?
  2021-07-21
  Reply
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ycwoo
·2021-07-21
Like
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6
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Otaku_Hui88
·2021-07-21
Don’t even know what this article is trying to say. Another rubbish effort. We should applaud all efforts to make human beings a space faring society and attempts to improve the world on the whole. Think big and forward, not just in the moment and be happy as-is.
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- SunbearInv:
  +333
  2021-07-21
  Reply
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- NatYong:
  Agreed
  2021-07-21
  Reply
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KitKat
·2021-07-21
Tesla’s share price increase was post day closing. Due to announcement of Tesla sharing their super charger access to other EV. Poor poor article again.
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- Zified:
  Ok
  2021-07-21
  Reply
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DragonKC
·2021-07-21
This is a very bias report. We encourage any technological breakthroughs for mankind. Even how small or contribution. Be it Branson, Bezos or Elon, they have their own uniqueness.
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7
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joker1
·2021-07-21
Author must be a musk fanboy.spaceX is doing well but banson and bezos should be celebrated for giving spacenerds a opportunity to fulfill their lifelong dreams. stupid article,what's the point of it.
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Lucria
·2021-07-21
Remember dyodd and don't get influenced by Elon's Twitter
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4
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LuluDMaster
·2021-07-21
Back to 50 years ago we have Kennedy and Neil Armstrong.....
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3
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Keez
·2021-07-21
Nuke the Mars - Elon Musk ?
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1
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ahblackblack
·2021-07-21
Yes [Smile]
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- ycwoo:
  like
  2021-07-21
  Reply
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dpt
·2021-07-21
Good read!!
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1
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Gettingthere
·2021-07-21
Yes, Tesla is the first company that sent astronauts to the ISS last year!
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Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","article_id":"1128230365","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","pubTimestamp":1626837921,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. 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And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. 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Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":176431534,"gmtCreate":1626911563128,"gmtModify":1703480301760,"author":{"id":"4087351235415740","authorId":"4087351235415740","name":"AL52","avatar":"https://static.tigerbbs.com/bccd984713e8caa3d556ac32f05dfea4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087351235415740","idStr":"4087351235415740"},"htmlText":"Interesting way of thinking of this. But both space launches were great to watch","listText":"Interesting way of thinking of this. But both space launches were great to watch","text":"Interesting way of thinking of this. But both space launches were great to watch","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176431534","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":176337101,"gmtCreate":1626860584803,"gmtModify":1703479453321,"author":{"id":"3578967818815253","authorId":"3578967818815253","name":"LHJarsenal","avatar":"https://static.tigerbbs.com/a0d7e1e2167d189c3611e1bcef48e104","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3578967818815253","idStr":"3578967818815253"},"htmlText":"Like pls.","listText":"Like pls.","text":"Like pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176337101","repostId":1128230365,"repostType":2,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":176390345,"gmtCreate":1626859217787,"gmtModify":1703479426051,"author":{"id":"3583974841960176","authorId":"3583974841960176","name":"CIG","avatar":"https://static.tigerbbs.com/6c2077e2370e1ffcaca7e29b875be2be","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3583974841960176","idStr":"3583974841960176"},"htmlText":"Ya, I like Musk.","listText":"Ya, I like Musk.","text":"Ya, I like Musk.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176390345","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":176941364,"gmtCreate":1626857113058,"gmtModify":1703479385340,"author":{"id":"3576534359839665","authorId":"3576534359839665","name":"BinLong","avatar":"https://static.tigerbbs.com/f784382ffd496b8b23ef07047bad2bf8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3576534359839665","idStr":"3576534359839665"},"htmlText":"SpaceX is still&nbsp;the top dog in the commercial space flight.","listText":"SpaceX is still&nbsp;the top dog in the commercial space flight.","text":"SpaceX is still the top dog in the commercial space flight.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176941364","repostId":1128230365,"repostType":2,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":176952597,"gmtCreate":1626856563019,"gmtModify":1703479376602,"author":{"id":"4088416347172780","authorId":"4088416347172780","name":"miyakos","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4088416347172780","idStr":"4088416347172780"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176952597","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":176063862,"gmtCreate":1626846286956,"gmtModify":1703766315554,"author":{"id":"3586346457808493","authorId":"3586346457808493","name":"BokWoon","avatar":"https://static.tigerbbs.com/33c54abe9712d43f005ec31ac4eb5e90","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3586346457808493","idStr":"3586346457808493"},"htmlText":"Well said.&nbsp;","listText":"Well said.&nbsp;","text":"Well said.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176063862","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5281513,"gmtCreate":1626856577224,"gmtModify":1663231260392,"authorId":4088416347172780,"author":{"id":4088416347172780,"idStr":"4088416347172780","authorId":4088416347172780,"name":"miyakos","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176063862,"type":1,"supId":0,"prevId":0,"content":"<u>agree</u>","text":"<u>agree</u>","html":"<u>agree</u>"}],"langContent":"EN"},{"id":176012892,"gmtCreate":1626845086216,"gmtModify":1703766291839,"author":{"id":"4087989241523320","authorId":"4087989241523320","name":"skylander","avatar":"https://static.tigerbbs.com/1c70a5b34449eb6137e74ae1fefb2ea0","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4087989241523320","idStr":"4087989241523320"},"htmlText":"Rich man game! We can only eat popcorn and watch them play&nbsp;","listText":"Rich man game! We can only eat popcorn and watch them play&nbsp;","text":"Rich man game! We can only eat popcorn and watch them play","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/176012892","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5281578,"gmtCreate":1626857196298,"gmtModify":1663231258127,"authorId":3576534359839665,"author":{"id":3576534359839665,"idStr":"3576534359839665","authorId":3576534359839665,"name":"BinLong","avatar":"https://static.tigerbbs.com/f784382ffd496b8b23ef07047bad2bf8","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176012892,"type":1,"supId":0,"prevId":0,"content":"??? ","text":"??? ","html":"??? "},{"id":5280797,"gmtCreate":1626849575349,"gmtModify":1663231256128,"authorId":4087387556186030,"author":{"id":4087387556186030,"idStr":"4087387556186030","authorId":4087387556186030,"name":"peng321","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176012892,"type":1,"supId":0,"prevId":0,"content":"<u>lol</u>","text":"<u>lol</u>","html":"<u>lol</u>"},{"id":5280441,"gmtCreate":1626845595247,"gmtModify":1635224707455,"authorId":3580207321438450,"author":{"id":3580207321438450,"idStr":"3580207321438450","authorId":3580207321438450,"name":"NatYong","avatar":"https://static.tigerbbs.com/62b1fa39b2974271d1c06e208f7b3571","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176012892,"type":1,"supId":0,"prevId":0,"content":"You are right","text":"You are right","html":"You are right"}],"langContent":"EN"},{"id":176010828,"gmtCreate":1626844522464,"gmtModify":1703766284042,"author":{"id":"3579644221346646","authorId":"3579644221346646","name":"TLC88","avatar":"https://static.tigerbbs.com/70e92e6f93d89c4be15661304799bff0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579644221346646","idStr":"3579644221346646"},"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>???","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>???","text":"$Tesla Motors(TSLA)$???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176010828","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5280550,"gmtCreate":1626846759735,"gmtModify":1635224698669,"authorId":3576159241971427,"author":{"id":3576159241971427,"idStr":"3576159241971427","authorId":3576159241971427,"name":"BRVVE Mutual Fund","avatar":"https://static.tigerbbs.com/2cf26804909bc121a53638de3bdd9699","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.02.15","exceedPercentage":"80.55%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176010828,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":176033313,"gmtCreate":1626843892932,"gmtModify":1703766272426,"author":{"id":"3565146699964497","authorId":"3565146699964497","name":"ycwoo","avatar":"https://community-static.tradeup.com/news/2f48b4bbc66c0bf509f7199142c1a2f2","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3565146699964497","idStr":"3565146699964497"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176033313","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":176006995,"gmtCreate":1626842407817,"gmtModify":1703766250960,"author":{"id":"3555405929544181","authorId":"3555405929544181","name":"Otaku_Hui88","avatar":"https://static.tigerbbs.com/ed34968a1cd7a179ee693227602091b3","vip":1,"crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3555405929544181","idStr":"3555405929544181"},"htmlText":"Don’t even know what this article is trying to say. Another rubbish effort. We should applaud all efforts to make human beings a space faring society and attempts to improve the world on the whole.&nbsp;Think big and forward, not just in the moment and be happy as-is.&nbsp;","listText":"Don’t even know what this article is trying to say. Another rubbish effort. We should applaud all efforts to make human beings a space faring society and attempts to improve the world on the whole.&nbsp;Think big and forward, not just in the moment and be happy as-is.&nbsp;","text":"Don’t even know what this article is trying to say. Another rubbish effort. We should applaud all efforts to make human beings a space faring society and attempts to improve the world on the whole. Think big and forward, not just in the moment and be happy as-is.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/176006995","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5280155,"gmtCreate":1626843230305,"gmtModify":1663231253754,"authorId":3576100208689627,"author":{"id":3576100208689627,"idStr":"3576100208689627","authorId":3576100208689627,"name":"SunbearInv","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176006995,"type":1,"supId":0,"prevId":0,"content":"+333","text":"+333","html":"+333"},{"id":5280445,"gmtCreate":1626845622484,"gmtModify":1663231251244,"authorId":3580207321438450,"author":{"id":3580207321438450,"idStr":"3580207321438450","authorId":3580207321438450,"name":"NatYong","avatar":"https://static.tigerbbs.com/62b1fa39b2974271d1c06e208f7b3571","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176006995,"type":1,"supId":0,"prevId":0,"content":"<u>Agreed</u>","text":"<u>Agreed</u>","html":"<u>Agreed</u>"}],"langContent":"EN"},{"id":176009804,"gmtCreate":1626842030708,"gmtModify":1703766244327,"author":{"id":"3554962053372786","authorId":"3554962053372786","name":"KitKat","avatar":"https://static.tigerbbs.com/ddbb9bb5d6adf92edf5f29a5c567e334","vip":1,"crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3554962053372786","idStr":"3554962053372786"},"htmlText":"Tesla’s share price increase was post day closing. Due to announcement of Tesla sharing their super charger access to other EV.&nbsp;Poor poor article again.","listText":"Tesla’s share price increase was post day closing. Due to announcement of Tesla sharing their super charger access to other EV.&nbsp;Poor poor article again.","text":"Tesla’s share price increase was post day closing. Due to announcement of Tesla sharing their super charger access to other EV. Poor poor article again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/176009804","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5280030,"gmtCreate":1626842124436,"gmtModify":1631885577755,"authorId":3575931476822699,"author":{"id":3575931476822699,"idStr":"3575931476822699","authorId":3575931476822699,"name":"Zified","avatar":"https://static.tigerbbs.com/2504476ab9db7b38867d7694e9c634e7","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.58%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":176009804,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":178774422,"gmtCreate":1626841873666,"gmtModify":1703766240564,"author":{"id":"3577178099298017","authorId":"3577178099298017","name":"DragonKC","avatar":"https://static.tigerbbs.com/f90c63c67a4e5f91e9dc0159f5b853ab","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3577178099298017","idStr":"3577178099298017"},"htmlText":"This is a very bias report.&nbsp; We encourage any technological breakthroughs for mankind.&nbsp; Even how small or contribution. Be it Branson,&nbsp; Bezos or Elon,&nbsp; they have their own uniqueness.&nbsp;","listText":"This is a very bias report.&nbsp; We encourage any technological breakthroughs for mankind.&nbsp; Even how small or contribution. Be it Branson,&nbsp; Bezos or Elon,&nbsp; they have their own uniqueness.&nbsp;","text":"This is a very bias report. We encourage any technological breakthroughs for mankind. Even how small or contribution. Be it Branson, Bezos or Elon, they have their own uniqueness.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178774422","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":178775762,"gmtCreate":1626841814156,"gmtModify":1703766238940,"author":{"id":"3571036277019840","authorId":"3571036277019840","name":"joker1","avatar":"https://static.tigerbbs.com/044c5cbfb25d0314e6cab11c03931c62","vip":1,"crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3571036277019840","idStr":"3571036277019840"},"htmlText":"Author must be&nbsp;a musk fanboy.spaceX&nbsp;is doing well but&nbsp;banson and bezos should be celebrated for giving spacenerds a opportunity to fulfill their lifelong dreams.&nbsp;stupid article,what's the point of it.","listText":"Author must be&nbsp;a musk fanboy.spaceX&nbsp;is doing well but&nbsp;banson and bezos should be celebrated for giving spacenerds a opportunity to fulfill their lifelong dreams.&nbsp;stupid article,what's the point of it.","text":"Author must be a musk fanboy.spaceX is doing well but banson and bezos should be celebrated for giving spacenerds a opportunity to fulfill their lifelong dreams. stupid article,what's the point of it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178775762","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":178775023,"gmtCreate":1626841745462,"gmtModify":1703766237477,"author":{"id":"3582023952208003","authorId":"3582023952208003","name":"Lucria","avatar":"https://static.tigerbbs.com/5d807a1638b2770b0e293aafc3d195cf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582023952208003","idStr":"3582023952208003"},"htmlText":"Remember dyodd and don't get influenced by Elon's Twitter","listText":"Remember dyodd and don't get influenced by Elon's Twitter","text":"Remember dyodd and don't get influenced by Elon's Twitter","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178775023","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":178776770,"gmtCreate":1626841666590,"gmtModify":1703766236177,"author":{"id":"3581858711036774","authorId":"3581858711036774","name":"LuluDMaster","avatar":"https://static.tigerbbs.com/5c80e8eaf7b543cff0a24f387c508324","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581858711036774","idStr":"3581858711036774"},"htmlText":"Back to 50 years ago we have Kennedy and Neil Armstrong.....&nbsp;","listText":"Back to 50 years ago we have Kennedy and Neil Armstrong.....&nbsp;","text":"Back to 50 years ago we have Kennedy and Neil Armstrong.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178776770","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":178778449,"gmtCreate":1626841588581,"gmtModify":1703766235364,"author":{"id":"4089085863454690","authorId":"4089085863454690","name":"Keez","avatar":"https://static.itradeup.com/news/50ca1de8e0d9b1984d987c9a235af23a","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"4089085863454690","idStr":"4089085863454690"},"htmlText":"Nuke the Mars - Elon Musk&nbsp;?","listText":"Nuke the Mars - Elon Musk&nbsp;?","text":"Nuke the Mars - Elon Musk ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178778449","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":178773614,"gmtCreate":1626841432438,"gmtModify":1703766231458,"author":{"id":"3576896644253446","authorId":"3576896644253446","name":"ahblackblack","avatar":"https://static.tigerbbs.com/6b4bfd116b4b119689904d5a6987b7fe","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576896644253446","idStr":"3576896644253446"},"htmlText":"Yes [Smile]&nbsp;","listText":"Yes [Smile]&nbsp;","text":"Yes [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/178773614","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5280224,"gmtCreate":1626843886995,"gmtModify":1663231254452,"authorId":3565146699964497,"author":{"id":3565146699964497,"idStr":"3565146699964497","authorId":3565146699964497,"name":"ycwoo","avatar":"https://community-static.tradeup.com/news/2f48b4bbc66c0bf509f7199142c1a2f2","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":178773614,"type":1,"supId":0,"prevId":0,"content":"like","text":"like","html":"like"}],"langContent":"EN"},{"id":178773186,"gmtCreate":1626841427345,"gmtModify":1703766231296,"author":{"id":"4089522548626810","authorId":"4089522548626810","name":"dpt","avatar":"https://static.tigerbbs.com/a5663ba5dec25326b541bf69630765f9","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4089522548626810","idStr":"4089522548626810"},"htmlText":"Good read!!","listText":"Good read!!","text":"Good read!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178773186","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":178744226,"gmtCreate":1626841227565,"gmtModify":1703766225904,"author":{"id":"3561969095601341","authorId":"3561969095601341","name":"Gettingthere","avatar":"https://static.tigerbbs.com/ea6e10c8465d768ba9679f3f87f9baea","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3561969095601341","idStr":"3561969095601341"},"htmlText":"Yes, Tesla is the first company that sent astronauts to the ISS last year!&nbsp;","listText":"Yes, Tesla is the first company that sent astronauts to the ISS last year!&nbsp;","text":"Yes, Tesla is the first company that sent astronauts to the ISS last year!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178744226","repostId":1128230365,"repostType":4,"repost":{"id":"1128230365","pubTimestamp":1626837921,"share":"https://ttm.financial/m/news/1128230365?lang=&edition=fundamental","pubTime":"2021-07-21 11:25","market":"us","language":"en","title":"Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1128230365","media":"Barrons","summary":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.Jeff Bezos going into space is not that thing.Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be ","content":"<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.</p>\n<p>Jeff Bezos&nbsp;going into space is not that thing.</p>\n<p>Sometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&amp;P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.</p>\n<p>Sometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.</p>\n<p>The successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”</p>\n<p>You wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.</p>\n<p>The Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.</p>\n<p>(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)</p>\n<p>Rich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.</p>\n<p>Everyone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.</p>\n<p>But the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.</p>\n<p>Not all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.</p>\n<p>But if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.</p>\n<p>That’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.</p>\n<p>Compare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”</p>\n<p>That sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.</p>\n<p>That illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.</p>\n<p>Not even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&amp;P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ignore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIgnore Jeff Bezos Going to Space. Tesla’s Elon Musk Is the Real Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or ...</p>\n\n<a href=\"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","SPCE":"维珍银河","AMZN":"亚马逊"},"source_url":"https://www.barrons.com/articles/amazon-jeff-bezos-space-tesla-elon-musk-spacex-51626783483?mod=hp_DAY_Theme_1_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128230365","content_text":"Investors usually want to know what the most important story of the day is, the thing responsible for driving stocks with the potential to become an investing theme that drives returns for months or years.\nJeff Bezos going into space is not that thing.\nSometimes, that one big thing is obvious. On Monday, it was Covid-19. The S&P 500 dropped 1.6%. The Dow Jones Industrial Average dropped more than 2%. And for good reason: The Covid-19 variants are a big deal, even if the market’s drop proves to be another blip on the way to higher returns.\nSometimes, though, investors need to know what they shouldn’t bother to care about, too. Do you know what today’s least significant story is? Amazon.com’s Jeff Bezos going into space.\nThe successful flight was a little anti-climactic for livestream watchers. There were a lot of “woohoos” and “awesomes” uttered by the crew, even a few “amazings.” Still, 82-year old newly minted astronaut Wally Funk said “It was only about five minutes.”\nYou wouldn’t know it from the coverage, of which I’ve been a big part. I’m addicted to stories about billionaires spending their money, a little like People magazine is addicted to the Kardashians.\nThe Kardashian analogy is apt. The billionaire space race is entertainment for investors and little more. It’s the modern equivalent of a huge baroque garden or a Victorian menagerie complete with wild animals from India.\n(The post-launch press conference included its own menagerie of a sort. The New Shepard crew showed off a collection of items carried on the flight including a piece of a Wright brothers plane, a medallion from a 19th-century hot air balloon, and a pair of Amelia Earhart’s flight goggles.)\nRich people spending money has always been a thing, and sometimes it benefits everyone else. People can still visit the gardens at Versailles. They are impressive, even inspiring.\nEveryone, including Bezos, knows the personal rocket company business is ripe for criticism. The Amazon founder admits critics of space tourism are largely right. Still, space supporters point to the potential benefits of pushing technological boundaries. The world, after all, might end up with superfast commercial jets or flying cars a generation or more down the road.\nBut the “to be sure” of the space tourism saga isn’t the potential trickle-down technological benefits from billionaire space dalliances. Long-term technological enhancements are the theoretical reason any mania can be positive for society. The dot.com era, for instance, left us with Amazon (ticker: AMZN) and more widespread internet access.\nNot all manias are so giving though. The Financial Crisis was driven by financial technology—collateralized debt obligations and credit default swaps. No one is thanking their lucky stars for those products. There is no guarantee manias result in useful technology. Just look at the most recent financial innovation of zero-commission trades. It’s given us meme-stocks.\nBut if the space race has done anything, it’s made traveling to the stars cheaper than it’s ever been. The Space Shuttle cost about $450 million a mission, according to NASA’s numbers. The orbiter itself—the spacecraft on the back of the rockets—cost about $1.7 billion. Ultimately, a generation of investing in higher-than-average cost space shuttle technology left America with movies such as Space Camp, U.S. taxpayers with a little more debt, and the lack of astronaut carrying domestic space launch capabilities for a decade.\nThat’s changed now, but it has little to do with Bezos or Virgin Galactic’s (SPCE)Richard Branson.Instead, space lovers should thank Tesla (TSLA) and SpaceX CEO Elon Musk. He, like other billionaires, has expressed lofty goals to make humanity a multi-planetary species. Musk however isn’t going into space on a tourist flight. He’s the one that brought launch capabilities back to America by pioneering the use of reusable rockets. It is ferrying NASA astronauts to the International Space Station while launching hundreds of small satellites that offer space-based Wi-Fi to clients around the globe. Partly as a result of that decision, SpaceX is worth an estimated $74 billion in private markets.\nCompare that to Virgin Galactic, which is worth about $7 billion after creating what Canaccord analyst Ken Herbert described as “ Disney for the 1% of the 1%.”\nThat sounds negative, but Herbert rates Galactic shares Buy. He believes clients should put the stock in their portfolios. And his $48 target price values Galactic at roughly $11.5 billion. There might just be a long-term business in space tourism.\nThat illustrates the real “to be sure” of a billionaire space story. If Bezos, or Branson, wants to build an organization to take them to space, so be it. Those are high-paying jobs for bright engineers. Billionaires can do what they want with their money.\nNot even Amazon’s stock seems to care all that much about Bezos’s successful flight. Shares closed up about 0.7% on Tuesday, while stock in Virgin Galactic dropped 1.3%. Tesla stock rose 2.2%, rising for the second consecutive day in the run-up to reporting second-quarter numbers on July 26. The S&P 500 gained 1.5%, rebounding from Monday’s Covid-19 induced selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":216,"commentSize":30,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}