◆ NeutralSPCX

Bill Ackman Says "Never Bet Against Elon," Even as He Passes on SpaceX Stock. Here's Why He's Staying Out.

The Motley Fool·
Bill Ackman Says "Never Bet Against Elon," Even as He Passes on SpaceX Stock. Here's Why He's Staying Out.

Billionaire investor Bill Ackman praised Elon Musk and SpaceX's business fundamentals, particularly highlighting Starlink's profitability and near-monopoly on satellite internet. However, Ackman is avoiding SpaceX stock due to its high valuation (75x sales) and lack of predictability across its mixed business segments. He cited the company's capital-intensive rocket business, profitable Starlink division, and money-losing AI operations as factors making it unsuitable for his investment criteria.

Read Full Article at The Motley Fool
← Back to Financial Intelligence