My favorite game right now is Elite Dangerous. I love watching videos of Planet Coaster. I think David Braben is a genius. Frontier Developments is trading at an EBITDA multiple of 13.8x with Planet Coaster out in about two weeks. It is my favorite gaming company to be invested in.

BUT

Star Citizen.

Cloud Imperium Games has raised over $100 million to develop the game, which is more than the market cap of Frontier. I just read that there were 7 full time artist involved in designing the interior of one of its latest (and largest) ships. The videos I have seen look absolutely incredible. Will Star Citizen eventually draw away players from Elite or will it just strengthen the genre and actually be positive for Elite in the same way many different FPS game can co-exist. Or maybe we end up in a FIFA / PES situation were both titles can thrive in a duopoly.