SpaceX Stock Now Has a Price to Sales Ratio Over 115x. Is It Worth Buying Anyway?

SpaceX trades at an extremely high 116x price-to-sales ratio based on trailing revenue of $19.3 billion. However, the article argues the valuation is less expensive than it appears when considering future growth from AI compute deals ($27.8 billion annually), Starlink expansion (50% YoY growth), and commercial Starship launches. Projecting 2027 revenue of ~$59 billion would reduce the P/S multiple to 38x, though the stock remains expensive and profitability timing is uncertain.