this post was submitted on 04 Jul 2026
412 points (97.5% liked)

Technology

86110 readers
3497 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 3 years ago
MODERATORS
 

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

(page 2) 34 comments
sorted by: hot top controversial new old
[–] HubertManne@piefed.social 19 points 3 days ago

Yeah its insane anyone would touch it with a ten foot pole given the rigged share system.

[–] disorderly@lemmy.world 22 points 3 days ago (1 children)

Less paywall.

Another article discussing this without mincing words:

"Equity investors are one thing, but bond guys are the grown-ups in the room," Beauchamp told CNBC via email. "SpaceX might find it has its work cut out for it, but I suspect the market can absorb the issuance overall."

I'm taking that to mean that SpaceX might have a bit of a valuation change as investors decide what they'll pay to be a part of this grand adventure in creative accounting.

[–] BreakerSwitch@lemmy.world 1 points 2 days ago

Man, remember when the only company that did creative accounting was Enron?

[–] kokesh@lemmy.world 2 points 2 days ago

Let's not talk about Bond, talk about Decker! Surely my Oscar pick! 🍿 🍿 🍿 🍿 🍿 🍿 🥤 🥤

[–] hark@lemmy.world 2 points 2 days ago

Nobody cares about the bond market, bonds are boring! We're all about the exciting stock market where fundamentals don't matter. Make sure to always buy the dip.

[–] Redvenom@retrolemmy.com 4 points 2 days ago (1 children)

Now that Elon became a cartoon villain He lost the good will of the people supporting His "Meh" ideas

[–] Lucius_Sweet@lemmy.world 3 points 2 days ago

None were even his ideas in the first place, he just bought the companies using daddies apartheid diamonds from his diamond mine and pretends that he is Tony Stark.

The only addition he has made to any of the companies he has bought has been to try and call them all some variation of 'X'.

[–] OctopusNemeses@lemmy.world -1 points 1 day ago* (last edited 1 day ago) (2 children)

They're a key part of the moon missions. The stock will go off once that's in the new cycle. Elon will also do his media buys to make him look like he did all the work.

load more comments (2 replies)
[–] Thor_Whale@lemmus.org -3 points 2 days ago

I bought 31 bucks worth so I really have zero skin in the game. But he's shooting for mars and will have to settle for LEO...

[–] AngryCommieKender@lemmy.world -2 points 2 days ago
load more comments
view more: ‹ prev next ›