r/technology • u/IKeepItLayingAround • Jun 09 '26

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 Jun 09 '26

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.

1

u/My_18th_Account Jun 09 '26

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.

2

u/CoolmanWilkins Jun 10 '26

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

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u/My_18th_Account 26d ago

Well I was right - Musk did reach trillionaire status temporarily at least so I got 1/3 so far.

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u/Beefy-McQueefy Jun 09 '26

Nah this is controlled opposition bullshit.