SpaceX Stock: Buy, Sell, or Hold?

SpaceX has gone public but analysts recommend avoiding the stock for new investors due to its extremely high valuation (P/S ratio of 111 vs. tech average of 9), massive capital expenditures ($20.7B in 2025, on pace to exceed this in 2026), and lack of profitability. The company is heavily investing in AI data centers with uncertain near-term returns. Current shareholders should hold rather than sell due to volatility, but prospective investors should wait to see if the company can manage its spending and losses.