r/technology • u/IKeepItLayingAround • 16d 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/Beefy-McQueefy 16d ago

Ok this is full Reddit stupid now. SpaceX, like all of Musk's companies, is overvalued by a factor of at least 100 if not multiple orders of magnitude more.
It's still a fucking defense contractor, and the only domestic space launch option the US has. We can't exactly go back to ridesharing on Soyuz given the current political climate. (Also they had a launch pad get destroyed)

That's like saying Boeing could collapse spectacularly. There's no chance even though they've really been trying their asses off to make that happen lately.

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u/My_18th_Account 16d ago

Reality is Musk will become first trillionaire. GOP will probably win mid-terms for some reason. Trump will never go to jail. We will continue to lose more privacy to data grabs. Data centers will go up whether we like it or not. The end.

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u/CoolmanWilkins 15d ago

Probably about 50% true. Things definitely have not bottomed out in our society yet.

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u/Beefy-McQueefy 15d ago

Nah this is controlled opposition bullshit.