sanitation@lemmy.today to Technology@lemmy.worldEnglish · 3 months agoSpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortunefortune.comexternal-linkmessage-square75fedilinkarrow-up1749arrow-down111
arrow-up1738arrow-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 · 3 months agomessage-square75fedilink
minus-squareDupaCycki@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·3 months 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-down1·3 months 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.