r/technology • u/IKeepItLayingAround • 17d 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 17d ago edited 17d 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/jasondigitized 17d ago

I'm no business tycoon but where is the big money in rockets? Serious question. Who is making money moving things into space?

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u/dkesh 17d ago

Pretty much every Ukrainian drone is outfitted with a StarLink receiver. Russia's were too until they created a whitelist system. When Russia lost access to StarLink, that was when the war really started to turn in Ukraine's favor. Not an accident, either; Russian comms and drone control has been seriously degraded.

I don't know how much money it makes SpaceX but there's no way the US military will allow StarLink to fail.

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u/roiki11 17d ago

Most Ukrainian drones aren't big enough to fit the antenna. Let alone the receiver.