this post was submitted on 04 Jul 2026
243 points (97.6% liked)

Technology

86074 readers
2615 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 3 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
243
SpaceX Is Junk. That’s What the Bond Market Says (archive.ph)
submitted 1 day ago* (last edited 1 day ago) by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
53 comments fedilink hide all child comments
 

The bond market’s assessment also jibes with SpaceX’s stock. It’s a profitless, non-dividend-paying, one-person-controlled, empire-building project trading at more than 100 times sales, about 30 times the valuation of the S&P 500 Index. That’s the very definition of a junk stock.

Original link: https://www.bloomberg.com/opinion/articles/2026-07-02/spacex-is-junk-that-s-what-the-bond-market-says

you are viewing a single comment's thread
view the rest of the comments
[–] NM_Gringo@lemmy.world 11 points 10 hours ago (3 children)

It really wasn't that hard to see the SpaceX ipo was mostly a scam. And yet there are post after post of people losing their entire fortune, house, future after investing in this sow. Just blinding stupidity to invest in any company run by a ketamine addict who should be in prison over that DOGE bullshit.

[–] iconic_admin@lemmy.world 2 points 7 hours ago (1 children)

It’s at $162 right now. Above where it IPO’d at. How are people losing their fortunes? I’m not defending spaceX or Elon (fuck that guy). But how are people losing a fortune exactly?

I know it’s a scam but honestly most of the market feels that way right now anyway.

[–] otp@sh.itjust.works 1 points 7 hours ago

Day 1: "Let's see how this goes."

Day 2: "It's up 20%? I can't miss out on this gravy train!"

After drop: "It'll go back up for sure."

I don't know how fast it was before it peaked, but not everybody bought right away. Or people added more money after they saw it going up.

[–] echodot@feddit.uk 4 points 8 hours ago* (last edited 8 hours ago)

Specifically Elon Musk is an irresponsible ketamine addict. Most CEOs just stick to a cocaine addiction which leaves them moderately competent.

[–] kinther@lemmy.world 2 points 7 hours ago

I know a guy who bought in to it. I asked him recently how thats going for him. He is underwater and bag holding... the hype for many retail investors was real. Glad I didnt jump in.