How Buying SpaceX Today Could 10X Your Investment
The many opinions on Space Exploration Technologies (NASDAQ: SPCX) include this one: Rockets, artificial intelligence, internet access, and orbital data centers are an exciting combination! But that valuation? More than 100 times sales!
SpaceX is indeed expensive. The stock, as I write this on June 26, trades at roughly 103 times sales and 58 times book value. That means investors are paying about $103 for every $1 of annual revenue SpaceX generates, and about $58 for every $1 of net assets on the balance sheet. Those are extraordinarily rich multiples even for a company growing as quickly as SpaceX.
The stock isn't just expensive; it's priced like a new Rolls-Royce. And if the history of blockbuster IPOs like Meta Platforms (then Facebook) and Rivian tells us anything about the near-term future of SpaceX, it's that enormous expectations can deflate a highly anticipated stock just as quickly as they can inflate one.
Source Fool.com
Meta Platforms Inc. Stock
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 652 € there is a slightly positive potential of 15.28% for Meta Platforms Inc. compared to the current price of 565.6 €.
