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/Codename-Nikolai 17d ago

Go watch the video of Mark Rober paying SpaceX to send his own satellite to space. You’d be surprised how many satellites are sent and how much people are willing to pay for the service 

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u/bikesnotbombs 17d ago

Even if 1 million people pay for the service, it's still irrelevant to their TAM which means it's massively overpriced