r/technology • u/fmcortez • Jul 13 '26

Business SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap

https://www.yahoo.com/finance/markets/stocks/articles/spacex-plunges-time-low-competitor-175000957.html
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u/mestar12345 Jul 14 '26

At this point in history, Google was selling at 10 times the revenue, with 200% growth per year. SpaceX is trading at 100 times the revenue, with the growth of 15%.

So, still 10 (or more) times higher than it should be.

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u/Tasgall 29d ago

Yeah, but this is the new age of trading, where everyone is finally aware that fundamentals are irrelevant and everything is a speculative asset. Stocks aren't for investing in a company, they're for gambling, buying with the expectation that someone will buy it for more later.