SpaceX Is Junk. That’s What the Bond Market Says

2026-07-04 14:52 UTC

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: bloomberg.com/…/spacex-is-junk-that-s-what-the-bo…

Replies (3)

@username_1@discuss.tchncs.de 2026-07-04 16:33

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.

Open ##3754400
@uriel238@lemmy.blahaj.zone 2026-07-04 23:18

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.

Open ##3782311
@wonderingwanderer@sopuli.xyz 2026-07-05 15:16

And yet they were given the IPO, so now it’s the public’s problem…

Open ##3786461