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
I’m in the same boat. For years I’d been excited to potentially own some SpaceX shares if they went public. No interest at all now due to xAI merger. I did gamble a bit of money on day 1 just because the odds of a pop were real, but i just got in and out and I was done.
It does seem to be a one pump chump