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SpaceX Is Junk. That’s What the Bond Market Says
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this post was submitted on 04 Jul 2026
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Sure, but without the AI part there's no way to get investors excited.
Space is really fucking hard and doesn't scale well.
Software scales up really well and theoretically can be much more profitable without additional overhead.
It's all part of the stupid AI bubble, but there's no way SpaceX would have hit that valuation on its own without Grok.