this post was submitted on 04 Jul 2026
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295
SpaceX Is Junk. That’s What the Bond Market Says (archive.ph)
submitted 2 days ago* (last edited 2 days ago) by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
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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

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[–] uriel238@lemmy.blahaj.zone 1 points 12 hours ago

Taking a page from the Fourth International–Posadists, I suspect we're going to have to develop a working socialist / communist society before we will be able to develop a space program robust enough for asteroid mining and offworld colonization.

With the climate-crisis fast approaching critical, we may not make it at all, or may have to wait tens of thousands of years (homo-erectus went through a long stint where there was less than ten-thousand of them), but I don't think there is a capitalist path.