SpaceX Valuation Gap: Don’t Confuse a Great Business With a Great Stock, Gary Black Warns
TL;DR Summary
Gary Black argues SpaceX’s roughly $1.7 trillion market cap and a forward EV/Revenue around 40x reflect a valuation far from precedent for mega-cap stocks, warning investors not to conflate a great business with a great stock. SpaceX has fallen about 45% from its post-IPO peak as markets await its first earnings report and the IPO lockup expiry, with mixed sentiment from Wall Street about upside potential.
- SpaceX Has Fallen 45% Since Its Peak: Gary Black Says Investors Are Breaking the 'Number One Rule in Investing' Benzinga
- SpaceX Stock Is Down 45% From Its High. History Suggests a $5,000 Investment Now Will Be Worth This Much by Mid-2027. Yahoo Finance
- 3 Stats That Explain the Crash in SpaceX Stock Price After Historic IPO Business Insider
- Elon Musk’s Net Worth Drops Below $800 Billion After Starship Launch Aborted Forbes
- SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: 'Paving the superhighway to the stars' Fortune
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