I’m cautiously constructive on

I’m cautiously constructive on $SpaceX(SPCX)$ , but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution & strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling.

What keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously.

Overall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run & I’d lean closer to the more conservative valuation targets.

@Tiger_comments @TigerStars @TigerClub

SpaceX Slides for Third Day to $185 — Time to Exit?

SpaceX (SPCX) fell another 3.56% today, retreating to $185 as IPO euphoria rapidly fades. Analyst sentiment has shifted cautious, with calls to 'sell based on historical IPO patterns' and advice for long-term holders to 'take profits into strength.' The first sell rating has emboldened bears, while questions over AI disrupting its core business add pressure. From a post-IPO surge to three straight losses — do you sell the next bounce, or wait for a deeper pullback to buy in?

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","winRationPercentage":68.571429,"tradeVolumeEst":0},"themes":[{"themeId":"ed4e12205bf34b65a986ea968dd36ee0","categoryId":"ab3d937a5fd848c08008411a9be702b5","name":"SpaceX Slides for Third Day to $185 — Time to Exit?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":ed4e12205bf34b65a986ea968dd36ee0}&rnconfig={\"headerBarHidden\": true}","description":"SpaceX (SPCX) fell another 3.56% today, retreating to $185 as IPO euphoria rapidly fades. Analyst sentiment has shifted cautious, with calls to 'sell based on historical IPO patterns' and advice for long-term holders to 'take profits into strength.' The first sell rating has emboldened bears, while questions over AI disrupting its core business add pressure. From a post-IPO surge to three straight losses — do you sell the next bounce, or wait for a deeper pullback to buy in?","image":"https://community-static.tradeup.com/news/b3e2f4792e06a23b881ae0c37c9b65a4"}],"images":[{"img":"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13"}],"title":"","html":"<html><head></head><body>I’m cautiously constructive on <a href=\"https://ttm.financial/S/SPCX\"> $SpaceX(SPCX)$ </a>, but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution &amp; strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling.\n\nWhat keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously.\nOverall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run &amp; I’d lean closer to the more conservative valuation targets.\n<a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @</a><a href=\"https://ttm.financial/U/9000000000000149\">TigerStars</a><a href=\"https://ttm.financial/U/9000000000000149\"> </a><a href=\"https://ttm.financial/U/3527667671414981\"> @TigerClub </a><t-t type=\"img\" src=\"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13\"></t-t></body></html>","htmlText":"<html><head></head><body>I’m cautiously constructive on <a href=\"https://ttm.financial/S/SPCX\"> $SpaceX(SPCX)$ </a>, but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution &amp; strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling.\n\nWhat keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously.\nOverall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run &amp; I’d lean closer to the more conservative valuation targets.\n<a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @</a><a href=\"https://ttm.financial/U/9000000000000149\">TigerStars</a><a href=\"https://ttm.financial/U/9000000000000149\"> </a><a href=\"https://ttm.financial/U/3527667671414981\"> @TigerClub </a><t-t type=\"img\" src=\"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13\"></t-t></body></html>","text":"I’m cautiously constructive on $SpaceX(SPCX)$ , but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution & strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling. What keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously. Overall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run & I’d lean closer to the more conservative valuation targets. @Tiger_comments @TigerStars @TigerClub","highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":3,"favoriteSize":0,"link":"https://ttm.financial/post/574469134709952","repostId":0,"isVote":1,"tweetType":1,"viewCount":1897,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SPCX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":811,"optionInvolvedFlag":true,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/574469134709952"}