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This Analyst Has a $450 Price Target on SpaceX Stock. Does That Make it a Buy?

The Motley Fool·
This Analyst Has a $450 Price Target on SpaceX Stock. Does That Make it a Buy?

Arete Research analyst Andrew Beale has set a $450 price target on SpaceX, suggesting a potential tripling of the stock to a $6 trillion valuation. However, the article argues this target is overly optimistic given SpaceX's current $2 trillion valuation, high price-to-sales ratio of 45x, lack of profitability, and the need for the business to grow into its current market cap before such gains are realistic.

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