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4 Reasons I'm Not Touching SpaceX's IPO
The Motley Fool·
SpaceX's IPO is priced at a $1.77 trillion valuation with 95x sales multiple, but the analyst warns against buying due to: (1) extremely high valuation even accounting for growth, (2) unprofitable AI and space divisions erasing Starlink's profits, (3) meme stock dynamics with retail allocation and low float, and (4) Musk's 82% voting control limiting investor influence. The analyst recommends Rocket Lab and AST SpaceMobile as better alternatives in the space sector.
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