The ******* e Exploration Technologies (NASDAQ: SPCX) IPO was the biggest, and arguably the most divisive, in history. It raised about $75 billion, and for a brief period on June 16, it surpassed Microsoft and Amazon -- two companies with much stronger balance sheets -- in market cap.
SpaceX has been extremely volatile in its first weeks on the market. Since peaking at $226, it has declined to about $155 at market close on June 24. Does the pullback make for a better buying opportunity, or is the leading ******* e company still overvalued?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The most common criticism in the lead-up to ******* eX going public was the valuation. ******* eX is trading higher than its IPO price of $135 at the time of this writing, so the valuation concerns haven't gone away.
SpaceX isn't profitable, reporting a net loss of $4.9 billion in 2025. Revenue that year was $18.7 billion. At a market cap of just over $2 trillion, ******* eX trades at 109 times last year's sales, making it the most expensive megacap stock. Palantir Technologies (NASDAQ: PLTR), previously the poster child for high valuations, is trading at 65 times annual sales.
SpaceX has been extremely volatile in its first weeks on the market. Since peaking at $226, it has declined to about $155 at market close on June 24. Does the pullback make for a better buying opportunity, or is the leading ******* e company still overvalued?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The most common criticism in the lead-up to ******* eX going public was the valuation. ******* eX is trading higher than its IPO price of $135 at the time of this writing, so the valuation concerns haven't gone away.
SpaceX isn't profitable, reporting a net loss of $4.9 billion in 2025. Revenue that year was $18.7 billion. At a market cap of just over $2 trillion, ******* eX trades at 109 times last year's sales, making it the most expensive megacap stock. Palantir Technologies (NASDAQ: PLTR), previously the poster child for high valuations, is trading at 65 times annual sales.
1 month ago
