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#5 - Being a Space Enthusiast, Venture Capitalist & Building Factories in Space with Delian Asparouhov

TerraWatch Space Podcast

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How to Value a Company Differently

There have been seven SPACs so far, I think, just including Virgin Galactic and six since last October in the space industry. That's a lot for an industry that's just starting to become commercialized to have the potential for six exits. Some of these companies don't, you know, necessarily have fundamentals that can justify those valuations. And so the way that they're justified is the percentage chance that these companies turn out to be space acts. Such that if I needed to invest a dollars and I allocated it equally across all six, there one sixth chance that turns out to be Space Act X. It doesn't matter because I'm investing at an average $3 billion valuation on

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