FoxtrotDeltaTango@sh.itjust.works to News@lemmy.world · 22 hours agoSpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investorswww.forbes.comexternal-linkmessage-square21fedilinkarrow-up1124arrow-down12file-textcross-posted to: technology@lemmy.world
arrow-up1122arrow-down1external-linkSpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investorswww.forbes.comFoxtrotDeltaTango@sh.itjust.works to News@lemmy.world · 22 hours agomessage-square21fedilinkfile-textcross-posted to: technology@lemmy.world
minus-squareFirstCircle@lemmy.mllinkfedilinkEnglisharrow-up12·edit-221 hours ago Shares of SpaceX declined by more than 6% to just under $179 as of Thursday afternoon Morningstar analysts lowered its fair value estimate for SpaceX to $62 from $63 Plenty of room to fall.
minus-squareEinskjaldi@lemmy.worldlinkfedilinkarrow-up2·14 hours agoSpaceX can only make enough money for that kind of valuation if it can get major returns from mining in space.
minus-squareCharlesDarwin@lemmy.worldlinkfedilinkEnglisharrow-up2·16 hours agoHonestly, what should happen is that it absorbs Tesla, then drops to about $10 share.
Plenty of room to fall.
SpaceX can only make enough money for that kind of valuation if it can get major returns from mining in space.
Honestly, what should happen is that it absorbs Tesla, then drops to about $10 share.