Elon Musk did this to engineer SpaceX's IPO?
Barry Ritholtz on the SpaceX float, from today's episode:
"It's artificial scarcity. If you want a Porsche 911 ST, they only make 100 of them, and they're charging $300,000.
Number two, you end up with this crazy imbalance, which is artificial. Look, Rolex has been doing that very successfully for 10 years. They sell 2 million to 3 million watches a year. Why can't you just walk into a Rolex dealer and buy the Daytona you want?"
Prof G Markets breaks down the news that’s moving the capital markets, helping you build financial literacy and security with Scott Galloway and Ed Elson.
Barry Ritholtz on the SpaceX float, from today's episode:
"It's artificial scarcity. If you want a Porsche 911 ST, they only make 100 of them, and they're charging $300,000.
Number two, you end up with this crazy imbalance, which is artificial. Look, Rolex has been doing that very successfully for 10 years. They sell 2 million to 3 million watches a year. Why can't you just walk into a Rolex dealer and buy the Daytona you want?"
Prof G Markets breaks down the news that’s moving the capital markets, helping you build financial literacy and security with Scott Galloway and Ed Elson.
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