67sixseven
06-23

Best thing to do for $SpaceX(SPCX)$  is nothing. The valuation is absurd, but never short Elon Musk. This is a overvalued stock that is most likely going to dip further, but at some point in the long term future Musk's vision will allow it to recover. But nobody knows and cannot time it. Best thing to do is to avoid the stock.

SpaceX's First Post-IPO Earnings: Can It Anchor Its Valuation?
SpaceX delivers its first quarterly results since its IPO after market close Tuesday, having also joined the Nasdaq 100 and drawn direct comparisons to the 'Magnificent 7.' Bernstein has outlined four key valuation drivers, with Starlink revenue mix and launch cadence topping the list. Yet the stock still trades largely on narrative, and reports that the IPO generated roughly $100 million for Wall Street raise the question: with no earnings history to benchmark, what multiple should the market apply?
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