Right now there is no business plan so effectively have to treat it as cash. Even then they will need to burn through cash for whatever they build so your talking further raises and dilution.
many people with loose pockets will spend on hype for something out of pure ideals, without even considering the economic value of doing so.
not saying its a bad thing as it means easy money for the rest of us. they don’t want their money then let us take it off their hands for them.
it went up easily, so it will go down just as easily. perhaps it will settle around $20 for a while, but they will need to come up with something substantial to go on from there.