SpaceX — The Facts:
◾️ Valuation: ~$1.83T
◾️ TTM Revenue: ~$23B
◾️ P/S: ~80x
Compared to its #1 public competitor RKBL, trading at 60-68x on a much smaller revenue base, SpaceX clearly commands a premium (dominance + Starlink + AI).
Even with that premium, I think the valuation is simply too high.
Waiting for an ideal technical sell zone, currently ~$150, which would put the valuation at ~$2.0T and P/S at ~86x.
My personal fair value: $1T (roughly ~$76).
I'll re-check the fundamentals at every step to confirm nothing's changed.
$SPCX
◾️ Valuation: ~$1.83T
◾️ TTM Revenue: ~$23B
◾️ P/S: ~80x
Compared to its #1 public competitor RKBL, trading at 60-68x on a much smaller revenue base, SpaceX clearly commands a premium (dominance + Starlink + AI).
Even with that premium, I think the valuation is simply too high.
Waiting for an ideal technical sell zone, currently ~$150, which would put the valuation at ~$2.0T and P/S at ~86x.
My personal fair value: $1T (roughly ~$76).
I'll re-check the fundamentals at every step to confirm nothing's changed.
$SPCX