- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
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
It may be junk stock, but if you live in America and have any money, chances are that you are buying it because of government corruption.
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 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.