SpaceX (SPCX) Stock Is Plunging. Should You Buy the Dip?

SpaceX shares have fallen nearly 20% from their June 16 peak after surging 67% at IPO. Despite the dip, the author recommends against buying, citing an extremely high price-to-sales ratio of 77 (compared to Nvidia's 20 and Micron's 24), lack of profitability, and concerns about planned debt and equity dilution. The stock is priced for perfection with no margin of safety.