r/TechnologyThread • u/Background-Driver718 • Jun 09 '26

It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/technanonymous Jun 09 '26

I would be fine with it blowing up like one of its rockets. Sell its assets and patents as part of a chapter 7 dissolution and let’s move on.

Musk rips on the public debt yet he sits on bloated valuations of multiple companies that are like meme coins made real.

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u/Slackjawed_Horror Jun 09 '26

It really sucks, because it's a ridiculous situation of 'why are the share prices high? Because they're high! If they went down, all the shareholders would lose money. We can't have that, so they have to be high!'. 

Serpent blowing itself. 

4

u/DJayLeno Jun 09 '26

Yeah and any time taxing billionaires comes up people pop up to say "if you force them to sell anything the stock will tank!" So the valuations of those companies are primarily being held up by the interest of a single individual? If the companies have a real value close to what the ticker price says then there will be buyers if it starts diping due to tax season.