Key insights
- The article discusses the extremely high valuation of SpaceX relative to its sales, comparing it to Palantir's past valuation multiples. The author expresses skepticism about SpaceX's current market capitalization, suggesting it may be a future 'punchline' due to its valuation being 111 times sales. This indicates a potential overvaluation in a significant technology company, which could signal broader market froth or unsustainable growth expectations.
Thats 55 times sales, which there is precedent for in palantir, at 64 times sales; palantir is a capital light, highly profitable, high margin, very fast growing company (not used to saying positive things about palantir ever as they were the poster child of crazy valuations).
Hopefully mods don't take this down, let's keep it for posterity sake. Today, June 12 2026 SpaceX had a MC of 2.23T. I feel like that will be a punchline in 2033.
Edit. It's been pointed out I am wrong, in a more funny way. Revenue in my mind was 40b, in fact its 18b. So 111 times sales LOL