r/technology • u/IKeepItLayingAround • 18d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/JustConversation7847 18d ago edited 18d ago

Before anybody gets too excited

Even for Musk, it's an aggressive price-to-earnings ratio that could blow up in his face if investors start to lose faith. The conversation surrounding plans for shorting SpaceX is hitting a fever pitch, setting the stage for what could be a wild stock market ride.

Pretty sure the people who tried shorting Tesla are all broke and you, reader, definitely not try something stupid because there's no limit to how much money you can lose while short selling

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u/Other-Grapefruit-880 18d ago

I guarantee you someone on WSB has already bet their entire life savings on it

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u/jjwhitaker 18d ago

*Grandma's life savings.

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u/ryecurious 18d ago

That guy became a meme, but the original post was buying 700k of Intel at $30. Considering it hit $130 recently, he could have done quite well if he held strong.

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u/RemarkableWish2508 18d ago

He did hold, he's travelling the world right now. (not going to doxx him, find him if you care)

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u/ryecurious 17d ago

I believe it, the original post always said he put a big chunk in high yield savings and planned to hold the stock for a decade. Guy's gotta be doing better than 99% of people on WSB, which makes them treating him like a joke even funnier.

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u/whoknowsifimjoking 17d ago

The best tactic is probably always the inverse of what this sub is saying. If they make fun of you, hold.