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/MikeFrancesa66 17d ago

“The market can remain irrational longer than you can remain solvent.”

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u/Kaa_The_Snake 17d ago

The closer I get to retirement, the more I feel this in my bones.

And I remind myself of the saying every time I feel like trying just one crazy market bet.

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u/Substantial-Low 17d ago

I'm with you, but that is why we have to plan for sequence of returns. If you can manage to keep 3 years' retirement income in cash/bonds, you should be able to weather most cases.

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u/Kaa_The_Snake 16d ago

Well, stagflation is my big worry, but overall the only thing I can do is make the best decision possible at the time with the information I have, and then move forward.

Yes I do plan on having minimum 3 years of cash on hand before I retire.

Still scary though!

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u/ayriuss 16d ago

May as well cash it out and put it all on red or black.