◆ NeutralSPCXTSLA

SpaceX Just Made Elon Musk the First Trillionaire in History. Should You Buy the Stock?

The Motley Fool·
SpaceX Just Made Elon Musk the First Trillionaire in History. Should You Buy the Stock?

SpaceX's record-breaking $75 billion IPO valued the company at over $2 trillion and pushed Elon Musk's net worth to $1.3 trillion, making him history's first trillionaire. However, at a valuation of ~117 times sales, the stock appears overpriced despite impressive technological achievements. The author recommends avoiding the stock unless valuations decline, noting that while Starlink is highly profitable, the overall company is priced for perfection.

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