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SpaceX Is Junk. That’s What the Bond Market Says (archive.ph)

submitted 4 days ago by technocrit@lemmy.dbzer0.com to c/technology@beehaw.org

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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

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[–] GrindingGears@lemmy.ca 1 points 2 days ago

And here I am just waiting for my Tesla to be able to self drive itself (reliably) to the corner store. You know, like I was promised in six months back in 2016, 2017, 2018, 2019, 2020, it's for sure 2021 you guys, 2022, 2023, 2024, 2025, 2026....