SpaceX Is Outperforming Everything. Is It Still the Smartest Buy Right Now?

SpaceX debuted with a $1.5 trillion valuation and surged nearly 20% in its first two trading days, reaching a $2.5 trillion market cap. While the company demonstrates strong fundamentals with 10,000+ Starlink satellites, 10+ million subscribers, and 80% of global mass-to-orbit capacity, the author cautions that its valuation is disconnected from fundamentals. With less than $20 billion in revenue against a trillion-dollar valuation, the stock appears to be in bubble territory despite its long-term potential.