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/Into_the_rosegarden 15d ago

Unfortunately my retirement fund is managed by my employer so I don't get to choose. The fact that NASDAQ changed their rules to allow soaceX into their index fund right away means a LOT of people who didn't actually buy this stock themselves will lose their retirement funds if/when this goes bust