- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
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
The Bond market is even more junk. SpaceX is doing at least something, while the bond market is just moving money from one pocket to another without producing anything at all.
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Thats like saying water isn’t useful because it can’t pick up a hammer.
The bond market provides the liquidity to allow companies to take on debt in order to fund their operations, matching it to buyers willing to lend out the money. It is the thing that enables companies to produce anything to begin with. And It is not only vital to the private sector, but is the primary method for how the us government funds its budget.
SpaceX wouldn’t exist without the bond market, because the entire company is built on government handouts (designed to outsource everything to private companies for the benefit of the wealthy capital owning class) which were funded through government issued bonds that raised the capital to give to spacex for contracts.
Facefuckingpalm. Ok, whatever.