$SPCX shares, recently I've been holding on too hard, and it will most likely fall further.
Year after year it keeps losing money, and earnings per share are negative—there's basically no stable profitability to support it. Yet the total market value is nearly two trillion US dollars. The price-to-sales ratio is as high as more than eighty, and the valuation bubble is outrageously large. The only thing propping up the price for now is the small float; without real profits to back it up, it's all driven by concept-driven speculation. Once market hype fades, that huge valuation bubble will eventually have to burst.
Year after year it keeps losing money, and earnings per share are negative—there's basically no stable profitability to support it. Yet the total market value is nearly two trillion US dollars. The price-to-sales ratio is as high as more than eighty, and the valuation bubble is outrageously large. The only thing propping up the price for now is the small float; without real profits to back it up, it's all driven by concept-driven speculation. Once market hype fades, that huge valuation bubble will eventually have to burst.
