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SPCX valuation question after IPO
Investor summaryBearish
Author questions if SPCX is overvalued post-IPO, citing high price/sales ratio unsupported by fundamentals.
Bear points
- SPCX appears overvalued immediately following its IPO.
- Current valuation is not supported by underlying fundamentals.
- Price-to-sales ratio is too high to justify the current market price.
Post body
Does anyone else think SPCX right after it's IPO might be a bit overvalued? I'm not really sure the fundamentals support the current valuation. Specifically, the price/sales seems a bit high to justify the current valuation. I haven't seen anyone else talk about this so I wanted to see what your thoughts are.
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