415
SpaceX Is Junk. That’s What the Bond Market Says
(archive.ph)
This is a most excellent place for technology news and articles.
I'm in the same boat. For years I'd been excited to potentially own some SpaceX shares if they went public. No interest at all now due to xAI merger. I did gamble a bit of money on day 1 just because the odds of a pop were real, but i just got in and out and I was done.
For orbital launches, maybe, but they have all kinds of competition now. Would they even be in business if not for huge government contracts without milestones?
They dont have any competition at the scale of what falcon 9 can do yet. Blue Origin is getting close, but they're not quite there yet.
People are transferring contracts to falcon 9 because it works and is available.
If Starship succeeds, they'll be leap frogging everything being built now thats meant to compete with Falcon 9.
It does seem to be a one pump chump