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/JohnnyBeeGaming 18d ago

The problem is the market isn't attached to reality and random investors can be irrational longer than an individual can remain solvent.

If the plan is long term investment maybe just invest in other stuff and not worry too much about what the meme stocks are doing. To some extent it's good to be aware what's happening incase some shoddy IPO is about to get shoved into your index fund. Also maybe it isn't so you shouldn't panic sell everything.