[ExI] shiller pe ratio near record high

[John Clark]

On Mon, Jun 22, 2026 at 12:00 PM Brent Allsop via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

*> there are a bunch of AI and new tech related companies that are way over
> priced.*


*I agree, and the most overpriced company of them all is SpaceX.  At the
end of the day when Elon Musk's company went public the stock market
placed a value on SpaceX that was almost as large as that of Microsoft.
Last year Microsoft earned $125 billion in profits on $318 billion in
revenue. Last year SpaceX LOST $4 billion on $19 billion in revenue. And
its market valuation is larger than Amazon's and almost as large as
Microsoft's?! That's nuts. *

* The Financial Times editor described Elon Musk's company as: *

*"A **very successful but fairly small satellite launch company, bolted
onto a stagnant money-losing social media company [X, formerly Twitter] and
a money-incinerating AI company [xAI, operator of the widely despised model
Grok], and then sprinkled with a lot of hype about humankind going
interplanetary."*

*I have no intention of investing in any AI company because I have no idea
which one is going to win the AI race, so I put some of my money into
Nvidia, ASML and TSMC because no matter who wins they are going to need
those companies.  *

*John K Clark*






>
> On Mon, Jun 22, 2026 at 5:05 AM John Clark via extropy-chat <
> extropy-chat at lists.extropy.org> wrote:
>
>> On Sun, Jun 21, 2026 at 7:23 PM spike jones via extropy-chat <
>> extropy-chat at lists.extropy.org> wrote:
>>
>> *> With the Shiller reaching for a record high...*
>>>
>>
>> *The PE ratio is still not as high as it was in 2000 caused by the dot
>> com boom, and comparing the potential importance of the Internet, as seen
>> in 2000, with the potential importance of AI as seen from the present day,
>> is like comparing a fire fly with a xenon arc lamp that's inside an IMAX
>> projector. *
>>
>> *John K Clark*
>>
>>
>>
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