https://k4i.com/tags/satire/ Recent content in Satire on k4i.com Hugo en-us Sat, 13 Jun 2026 00:00:00 +0000 https://k4i.com/spcx-at-161-the-market-has-priced-in-a-spanish-galleon-of-martian-gold/ Sat, 13 Jun 2026 00:00:00 +0000 https://k4i.com/spcx-at-161-the-market-has-priced-in-a-spanish-galleon-of-martian-gold/ <p>Space Exploration Technologies closed its first day on the Nasdaq at $161, up 19% from a $150 open, parking the company at a $2.1 trillion valuation. This is a remarkable price for a firm whose trailing EPS is negative, which is to say a firm that, per share, currently loses money. The market has looked at this and concluded that the rational move is to assign it more value than the entire economy of Italy.</p>