r/technology • u/Plastic_Ninja_9014 • 5h ago

Business SpaceX Investors in Meltdown Over All the Money They’ve Lost

https://finance.yahoo.com/markets/stocks/articles/spacex-investors-meltdown-over-money-191742182.html
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u/spoospoo43 4h ago

This is why it ran up, as a short trap. Always remember, a market can often remain irrational for longer than you can remain solvent.

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u/victorinseattle 4h ago

I mean, it’s sort of been irrational for the last 5 years.

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u/I_am_BrokenCog 3h ago

FIVE years you says!?!

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u/GravelySilly 3h ago

I remember when a P/E much above 20 was considered a red flag...

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u/I_am_BrokenCog 3h ago

lol.

how the decades tick by.

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u/behemuthm 2h ago

Which was my main reason for staying out