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SpaceX Is Junk. That’s What the Bond Market Says (archive.ph)
submitted 4 months ago by to c/technology@lemmy.world
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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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[–] 4 points 4 months ago*

They dont have any competition at the scale of what falcon 9 can do yet. Blue Origin is getting close, but they're not quite there yet.

People are transferring contracts to falcon 9 because it works and is available.

If Starship succeeds, they'll be leap frogging everything being built now thats meant to compete with Falcon 9.

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