Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-07-01T10:31:00+00:00
Even after cooling off from its post-IPO rally,Space Exploration Technologies(NASDAQ: SPCX), better known as SpaceX, has a market cap of $2.25 trillion and is one of the most valuable companies in the world. Based on its revenue of about $19.3 billion over the past four quarters, SpaceX has a price-to-sales ratio of about 116. Let's be clear. That's anincrediblyhigh multiple. Some of the most rapidly growing AI infrastructure stocks trade for P/S multiples in the 40-50 range. The average S&P 500 company trades for about 3x sales. But there's more to the story. The price-to-sales ratio of 116 is a backward-looking metric. The more important thing to consider is whether SpaceX's revenue in 2027, 2028, and beyond will justify it. Missed Nvidia in 2009? This Rare Signal Is Flashing Again.In 20
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