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
They’re a key part of the moon missions. The stock will go off once that’s in the new cycle. Elon will also do his media buys to make him look like he did all the work.
Maybe by then we can come up with a good reason to blow tens of billions on a manned moon mission.
Which is why they won’t happen. But Elon will get paid for them none the less.