this post was submitted on 04 Jul 2026
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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

(page 2) 36 comments
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[–] hark@lemmy.world 2 points 1 month ago

Nobody cares about the bond market, bonds are boring! We're all about the exciting stock market where fundamentals don't matter. Make sure to always buy the dip.

[–] OctopusNemeses@lemmy.world -1 points 1 month ago* (last edited 1 month ago) (2 children)

They're a key part of the moon missions. The stock will go off once that's in the new cycle. Elon will also do his media buys to make him look like he did all the work.

[–] SaveTheTuaHawk@lemmy.ca 2 points 1 month ago

Maybe by then we can come up with a good reason to blow tens of billions on a manned moon mission.

[–] bold_atlas@lemmy.world 1 points 1 month ago* (last edited 1 month ago)

They’re a key part of the moon missions.

Which is why they won't happen. But Elon will get paid for them none the less.

[–] AngryCommieKender@lemmy.world -2 points 1 month ago
[–] Thor_Whale@lemmus.org -3 points 1 month ago

I bought 31 bucks worth so I really have zero skin in the game. But he's shooting for mars and will have to settle for LEO...

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