Really hate New York State. There’s some new up and coming coins I want to purchase which are only supported on select exchanges like Binance and FTX.

Literally the only state FTX is not allowed in is New York. Regressive fucks.

Coinbase prints money. As anyone looked at their S1?

IMO the system of states is becoming outdated because of exactly this kind of thing. It's really dumb that I can live in the same country and have what I can or can't buy, what safety regulations I can expect, etc. be different depending on what state I'm in. Back before a powerful and united federal government was possible it made sense, but now that we're hyper-connected it just doesn't make sense.

I would rather we divide into 50 individual countries at this point.

Yeah I’m staying away after seeing the holdings. I tend to agree with the narrator, to me it seems just as another ploy to generate 75bp of management fees which is fairly expensive for an etf.

I do think the holdings will change significantly given 6-18 months. Currently there really aren’t that many space stocks out there. I wish Blue Origin or SpaceX would go public because I’d probably throw a quarter of my portfolio just in those names.

There are about a dozen space companies going public via spacs which I think ark has on its radar but they’d probably rather wait on these mergers to go through prior to taking such risk as the deal imploding or what not.

Personally instead of buying arkx I basically built my own defacto space etf.

Have BA and LMT as the backbone then have a few speculative names such as SRAC, NSH, SPCE.

This post was edited by ofthevoid on Apr 3 2021 09:29am

Just sold all my index funds and gonna wait for next crash

Time in the market beats timing the market.. wanna test if this is true

LMT was a good shout, I picked them up after you mentioned it a few weeks ago. BA is priced very low but I'm trying to keep away from UK companies as that's my home bias

I'm not convinced we'll venture out into space that much over the next 100 years tbh. I see us innovating our way out of a climate disaster that would require us to relocate, and with the massive debt of governments worldwide it's unlikely they'll heavily invest or subsidise space travel. I'm betting on it just being a tourist thing people will do once in their life

Personally, I'm not investing because I think we'll have to relocate. Anyone even minimally familiar with the subject realizes the colossal progress that needs to happen for us to even get a few humans to Mars let alone anywhere else. We don't have the tech to overcome the physics and probably won't for a long time if ever to get outside our solar system.

I do think there are opportunities in space for general interconnectivity, tracking, defense, tourism, possibly mining.

You may be right and it might fizzle out and see limited investment but look at crypto as a reference point. If an improved and more secure way to transmute data such as crypto can grow into a market of trillions within a few years (and many think this is only the start) what do you think strides towards the last frontier will be worth?

Personally, I think humans are naturally inquisitive, many in our generation grew up on star trek, star wars, etc. You can't downplay that. You also can't downplay the ego of people like Musk and Bezos. I'm not sure if they are doing this to generate more wealth versus the ego, but something tells me it's the latter and i don't think that trend will change with time.

edit: I honestly think if SpaceX became public money would pour into it. It's already worth like 74 Billion. Imagine if the hordes had access to it.

This post was edited by ofthevoid on Apr 3 2021 11:28am

This is one of the reasons why renewables are so important to the future. We can't going to colonize space on oil. We might colonize space with wind, oil, geothermal, and nuclear though. Once we have an excess of energy production then energy inefficient endeavors like space travel become trivial economically. If we're using oil to create hydrogen or methane fuel for space travel, that's a dead end and highly wasteful. But if we're using excess energy from a grid full to bursting with solar, wind, and nuclear energy, then the cost to put things in space is reduced by some massive percentage.

I honestly think SpaceX is hurt by Musk's "visionary" nature. They really shouldn't be trying to re-land rockets the way they are. We already have space crafts that land on runways. Just use that and focus on getting ahead on the more pressing problems with space travel, instead of having your rocket blow up if an engine fails to reignite on landing. They're trying to reinvent the wheel with landing and re-using rockets when they should be focused exclusively on re-using rockets.

This post was edited by Thor123422 on Apr 3 2021 11:40am