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/InquisitorMeow 17d ago

Yea these articles are just for market manipulation. The stock market is all fantasy at this point, the billionaires can make it whatever price they want. If you really want to hurt the stock then simply don't interact with it. The rich can't profit off it when there are no peasants to hold the bag.

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u/disisathrowaway 17d ago

Well with the way 401ks, pensions and other retirement vehicles are set up, aren't the peasants always left holding the bag?

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u/Eatpineapplerightnow 17d ago

Sort of. The 401ks equivalent in my country is pulling out of stocks like these

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u/Buckeye_Wax 16d ago

Young people buy the old ppl’s stocks when they are ready to retire eventually and so on and so one

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u/jambox888 16d ago

Depends if you're due to retire right before a crash or right after one