- 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
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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.
The moon base has to succeed! Our retirement depends on it. Hopefully they find the monolith soon after
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…
