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SpaceX Has Already Imploded 48% — But This Wall Street Vet Just Warned Against Bottom-Fishing
['Joey Frenette', 'Mon', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Quick ReadSpaceX cratered 48% from its $135 IPO price, yet at 85x price-to-sales, it remains one of history's most expensive large-cap stocks.
Whitney Tilson warns against bottom-fishing SpaceX, citing 92x trailing revenues.
SpaceX shares surged an unexpected 16% on a day expected to punish sellers, exposing extreme volatility that makes chasing the latest dip treacherous.
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