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SpaceX Is Junk. That’s What the Bond Market Says (archive.ph)
submitted 5 days ago* (last edited 5 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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[-] ShredderFeeder@shredderfood.net 20 points 4 days ago

It's all pump and dump bullshit... You can't have a 2T value when the most the company has made in a year is 19B.

[-] SaveTheTuaHawk@lemmy.ca 5 points 3 days ago

And over half of that was government contracts with no milestones.

[-] ShredderFeeder@shredderfood.net 2 points 3 days ago

Musk is the preeminent welfare queen...

this post was submitted on 04 Jul 2026
417 points (100.0% liked)

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