SpaceX (SPCX) Valuation Hits 110x Price-to-Sales Ratio, Surpassing PLTR

AI Summary

SpaceX (SPCX) debuted on public markets with a trailing 12-month price-to-sales ratio of 110, compared to 63 for Palantir (PLTR). The stock was initially priced at $135 and opened at $150, closing its first day at $160.95, giving it a market capitalization of $2.1 trillion. The high valuation multiples reflect strong investor optimism, as even AI company Nvidia (NVDA) is at a ratio of 20. SpaceX’s future growth will depend on key projects such as Starlink and government contracts, while its price-to-book ratio is also 2x higher than Palantir.