- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
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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It may be junk stock, but if you live in America and have any money, chances are that you are buying it because of government corruption.