sanitation@lemmy.today to Technology@lemmy.worldEnglish · 2 days agoSpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortunefortune.comexternal-linkmessage-square171linkfedilinkarrow-up1849arrow-down110
arrow-up1839arrow-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 · 2 days agomessage-square171linkfedilink
minus-squareDupaCycki@lemmy.worldlinkfedilinkEnglisharrow-up9arrow-down1·2 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-down1·1 day agoThe major indices already said they’re not buying. That number they made up was counting on forcing them to buy automatically.
minus-squareisleepinahammock@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up4·1 day agoNASDAQ is still buying. S&P500 isn’t. But it’s still a major concern if you’re holding a total market index fund or similar.
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.
NASDAQ is still buying. S&P500 isn’t. But it’s still a major concern if you’re holding a total market index fund or similar.