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
I feel like I’m way ahead of the market.
(If only I knew how to turn that wisdom into money)
Once again, the IPO ($135/share or $2.1 Trillion) was based on the success of some long term goals like space-based data centers and a Mars colony of one million permanent residents.
This is from the same guy who promised a fleet of Tesla robotaxis by 2025.
Space experts have since pointed out that the vacuum of space does not sink heat.
Some of the assets thrown into the SpaceX valuation include xAI (which is falling behind OpenAI and Anthropic) and Starlink (which is suffering from congestion problems already and cannot be scaled up).
So this is not unexpected.
Space experts have since pointed out that the vacuum of space does not sink heat.
I’m merely a casual Elite: Dangerous player and I could have told him that.
He’s a genius btw
