sanitation@lemmy.today to Technology@lemmy.worldEnglish · 18 days agoSpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortunefortune.comexternal-linkmessage-square159linkfedilinkarrow-up1834arrow-down19
arrow-up1825arrow-down1external-linkSpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortunefortune.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 18 days agomessage-square159linkfedilink
minus-squareDupaCycki@lemmy.worldlinkfedilinkEnglisharrow-up8arrow-down1·17 days agoHere’s the twist. SpaceX doesn’t have to do anything at all. It can go bankrupt tomorrow and its valuation will only go up. The stock market never made any sense whatsoever, and this is just peak stock market behaviour.
minus-squareJcbAzPx@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down1·17 days agoThe major indices already said they’re not buying. That number they made up was counting on forcing them to buy automatically.
Here’s the twist. SpaceX doesn’t have to do anything at all. It can go bankrupt tomorrow and its valuation will only go up.
The stock market never made any sense whatsoever, and this is just peak stock market behaviour.
The major indices already said they’re not buying. That number they made up was counting on forcing them to buy automatically.