$SPCX : I think most people read SpaceX the wrong way.
At around $2 trillion, the stock trades at roughly 87 times the $23 billion in revenue it made over the last twelve months, and the company still isn't profitable. That's a valuation built on what SpaceX might become in ten years, and the chart shows it. The (B) leg I called is still running, and wave (C) has room to take it below $86.
At the same time, I don't know another company with this much upside for humanity. Reusable rockets, Starship in orbit, Starlink, AI compute in space and on the ground. If even part of that works, SpaceX will probably become the most valuable company on Earth one day.
I want to own that future. I want to buy it in my entry zone, and the price today is still far above it.
At around $2 trillion, the stock trades at roughly 87 times the $23 billion in revenue it made over the last twelve months, and the company still isn't profitable. That's a valuation built on what SpaceX might become in ten years, and the chart shows it. The (B) leg I called is still running, and wave (C) has room to take it below $86.
At the same time, I don't know another company with this much upside for humanity. Reusable rockets, Starship in orbit, Starlink, AI compute in space and on the ground. If even part of that works, SpaceX will probably become the most valuable company on Earth one day.
I want to own that future. I want to buy it in my entry zone, and the price today is still far above it.
