Great opportunity to SHORT SpaceX now that the S&P has refused to break its rules to force index investors into this garbage stock. Who is on Team SHORT?
u/UnlikelyAdventurer ·
Reddit — r/investing
· June 08, 2026 at 20:57
· ⬆ 417 pts
· 💬 269 comments
| View on Reddit ↗
AI Summary
Summary
The author argues that SpaceX is a heavily overvalued "garbage stock" with a P/E of 135, a $1.5T asking price, and multiple red flags (erratic CEO, xAI threat, government dependency, April Fool’s filing).
They propose shorting SpaceX from $135 down to $80, citing the S&P 500’s refusal to waive entry rules for unprofitable AI/fintech companies as a catalyst.
Quality assessment: Noise – the post is emotionally charged, lacks fundamental data, and SpaceX is a private company without a publicly tradeable short vehicle.
Score417
Comments269
Upvote %71%
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How many warning signs of a rug pull does this have? Let's see:
\* Insane PE ratio at $135 asking price and $1.5T
\* xAI hold a real threat of value destruction
\* Erratic ketamine junkie at the helm overpromises and fails on his deliveries
\* welfare queen rocket company uniquely dependent on Uncle Sucker?
\* Filing on April 1 shows they know this stock is an April Fools joke for fools only.
How far down can we ride this boat anchor? $135 down to $80 would be a tidy short term profit.
[https://arstechnica.com/tech-policy/2026/06/sp-500-blocks-fast-spacex-entry-wont-waive-rule-for-unprofitable-ai-firms/](https://arstechnica.com/tech-policy/2026/06/sp-500-blocks-fast-spacex-entry-wont-waive-rule-for-unprofitable-ai-firms/)