The bond market’s assessment also jibes with SpaceX’s stock. It’s a profitless, non-dividend-paying, one-person-controlled, empire-building project trading at more than 100 times sales, about 30 times the valuation of the S&P 500 Index. That’s the very definition of a junk stock.
Original link: https://www.bloomberg.com/opinion/articles/2026-07-02/spacex-is-junk-that-s-what-the-bond-market-says
Where does this come from? Yes there are congestion issues at the moment and even congestion charges, isn’t this just a matter of more satellites? They only have like 10,000 but planned for a gazillion and are continuously increasing …. The very definition scalable