sanitation@lemmy.today to Technology@lemmy.worldEnglish · 1 day agoSpaceX has to grow 60x in a decade to justify a $1.75 trillion valuation. It's an impossible bar | Fortunefortune.comexternal-linkmessage-square152linkfedilinkarrow-up1778arrow-down18
arrow-up1770arrow-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 · 1 day agomessage-square152linkfedilink
minus-squareDupaCycki@lemmy.worldlinkfedilinkEnglisharrow-up9·11 hours 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-up5·6 hours 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-up2·3 hours 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.