Added to YB: 2026-07-22
Pitch date: 2026-07-20
SPCX [neutral]
Space Exploration Technologies Corp.
+1.18%
current return
Author Info
No bio for this author
Company Info
Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally.
Market Cap
$1.6T
Pitch Price
$122.11
Price Target
N/A
Dividend
N/A
EV/EBITDA
340.59
P/E
-42.11
EV/Sales
85.36
Sector
Diversified Telecommunication Services
Category
value
SpaceX is an extraordinary company. But is it a good investment?
SPCX (pass): Extraordinary co, terrible entry. Trades >70x sales (vs NVDA 35x) w/ $4.9B net loss, -$14B FCF, $37B accumulated deficit. Only Starlink profitable ($11.4B rev, 63% EBITDA), but ARPU -18% & Kuiper/China rising. xAI burns $6.4B. Price driven by 4.2% float + index buying. Fair value $22-115 (Morningstar $63). Catalysts: H2'26 lockups, first earnings Sep 2 2026. Wait for margin of safety.
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