🌟🌟🌟A short term run to USD 400 for
$SpaceX(SPCX)$ is an extreme, low probability bullish scenario rather than a realistic baseline target.
While $SpaceX(SPCX)$ possesses the perfect ingredients for an explosive short term move, it is not likely to happen.
Why?
At USD 400 per share, SpaceX would be valued at a staggering USD 5.2 trillion. For context, SpaceX generated USD 18.7 billion in revenue combined with an operating loss of USD 4.3 billion last year.
A USD 400 price tag would represent a price to sales multiple of over 200x, creating an unprecedented valuation bubble.
Personally l believe it is best to buy $Invesco QQQ(QQQ)$ as SpaceX would be included in its holdings after 15 days of its IPO. It is safer and more diversified.
Chasing SpaceX right now is risky as it is overvalued.
@Tiger_comments @TigerStars @Tiger_SG
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments