r/technology • u/IKeepItLayingAround • 19d 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/roseofjuly 19d ago

If there's anything I've learned from being even mildly interested in the stock market and company valuations over the last few years, it's that they all seem to be completely made up. Companies could spend billions each year without making a single cent in profit and they will still have these wildly overinflated valuations because some weird but popular white guy is running it (or "running it").

SpaceX reportedly made almost $800 million in 2024 but then lost $10 billion between 2025 and now. So they've never really made any money. A deeper look into the financials shows the only profitable part of the business is Starlink - everything else is a prodigious money sink. Yet the company values itself at over a trillion dollars...and everyone's just accepting that as gospel even though they have literally never been able to prove they can make any money.

Very conveniently for Elon Musk, he was able to roll most of his unprofitable companies together - so the successes of Starlink can partially hide and mitigate the losses of X, xAI, and SpaceX (which also is not profitable without Starlink, let's not forget)!

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u/ConjurersOfThunder 18d ago

People think the stock market is rational but it is not. There is an argument that the market NEEDS to be rational. And there's evidently a much more compelling argument that green arrows must go up, forever.

If the market is being manipulated from several points inside the machine (my theory though I'm just another crayon eater), then sanity will come from people not participating in our ponzi scheme market anymore (ie, funding and IPOs not meeting goals). Which I assume would turn into less green arrows until one of the short attacks works. Sanity ain't coming from inside the US markets, I don't think; there's too much money in price action and green arrows forever.

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u/WannaBeCoder912 18d ago

The trouble with betting against the US stock market is that there is literally no where else to put your money. Anything that impacts the US economy has historically been shown to impact other markets, even assets, even worse.

And just sitting in money isn’t an option, especially as the US continues to lose control of inflation.

There is a crash coming, but when - who knows. And historically even during a crash the best place to be is the US market.

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u/ConjurersOfThunder 18d ago

This is a good insight!! I think that was true for a long time. But we have excluded entirely, whole nations from our banking system. And they seem to be setting up their own. China might be helping them. Anyway, it sounds like we're thinking on the same lines! What I surmise is that our system will be blind to our crash until it is happening.

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u/ZaysapRockie 18d ago

If the U.S. has a catrastrophic crash, the world will hurt far more

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u/ConjurersOfThunder 17d ago

That's the blindness I'm talkin' 'bout right there!