How to Invest in SpaceX Stock Before the Next Big Move

SpaceX stock has returned to its IPO opening price of $150 one month after going public, but analyst Rich Smith argues it remains significantly overvalued. With a forward P/E ratio of 217 based on projected 2027 earnings of $0.67 per share, the stock is trading at a premium that doesn't justify current valuations, even accounting for expected future growth. Smith suggests SpaceX stock could fall further despite some investors viewing the price dip as a buying opportunity.