Is SpaceX Stock a Buy at a $2.8 Trillion Valuation? The Math Might Blow Your Mind.

SpaceX has surged 44% since its IPO, reaching a $2.8 trillion valuation and becoming the world's fifth-most valuable company. While traditional metrics suggest overvaluation based on 2025 losses, the company has secured major AI infrastructure contracts worth $75 billion combined from Anthropic and Google, which could drive revenues to $45 billion annually by 2027 and shift the company toward profitability.