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

Technology

43212 readers
29 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 4 years ago
MODERATORS
 

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

you are viewing a single comment's thread
view the rest of the comments
[–] henfredemars@infosec.pub 8 points 5 days ago (1 children)

I buy an index fund, I’m forcibly bought into scams. I stay in cash, and the government steals the value by printing more cash. Sometimes it feels like everything‘s a scam except possibly for hard assets.

[–] its_me_xiphos@beehaw.org 8 points 5 days ago

Its a small club and you ain't in it.

I often discuss that these aren't scams. They aren't rigged. This would denote something anti-lawful or downright deceitful. No. These are perfectly legal and transparent transfers of wealth. Doesn't make it any less angering, but its important to understand how few economics systems in use in the world are designed to be equitable.