SpaceX isn't selling rockets. It is selling access to the next era of mankind - the era where Earth is not our only address.
At USD 135 per share - whether it is expensive or cheap depends on what you believe.
If you think SpaceX is just another aerospace company then yes USD 135 seems high.
But if you believe SpaceX is the backbone of global satellite internet (Starlink), the world's dominant launch provider, the only company capable of building a multi planetary civilisation, the infrastructure layer for the next century -
then USD 135 feels like less of a price & more like an invitation to participate in a story that will be told for generations.
You buy because you have watched SpaceX defy gravity literally & financially for 20 years.
You buy because you believe in the future of SpaceX.
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