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SpaceX still looks really overvalued: AlphaSpace stat of the afternoon
['Tue August At Pm Gmt', 'Min Read']
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SpaceX (SPCX) stock still looks pricey after its post-IPO swoon, which could make analyzing its first earnings report later today that much tougher.
AlphaSpace stat of the afternoon: 105.9SpaceX stock trades on a forward enterprise value/EBITDA ratio of 105.9 times, per Yahoo Finance AlphaSpace data.
The outsized ratio reflects Wall Street optimism that SpaceX will turn a profit in 2027 amid strong demand for its Starlink services.
Speaking of optimism, 27 of the 34 Wall Street analysts that cover SpaceX rate the stock a Buy or Strong Buy.
The finer detailsHere is what we know about SpaceX ahead of its first earnings report as a public company:One, SpaceX stock has plunged 52% from the June 16 intraday highs.