Speculative Investing Is Necessary To Drive Innovations Like Tesla And SpaceX
Andrew Ross Sorkin · Andrew Ross Sorkin on Why 1929 is Happening Again · Oct 15, 2025 · at 7:59
Financial journalist Andrew Ross Sorkin discusses the role of speculative capital in tech innovation during a conversation about market crashes.
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“You need some speculation in the system. Like, we always say speculation is a dirty word or a bad word, but, you know, the original investors in SpaceX or in Tesla who probably thought the whole thing was insane were speculating. And you need some of that. You really do. And so the question is, like, how do you create a line where You know, you have enough of that to create that innovation, but it doesn't go, you know, totally parabolic and out of control.”
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