- cross-posted to:
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- cross-posted to:
- [email protected]
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
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…