Sell SPACEX by Sep 14, 2026.

thesis - as most of its business sits between telecommunications (satellite internet) and government-tied launch missions, it shares the same moat and exposure as Verizon and At&t which also provide government with full service line of high tech service Given this proximity to business structure and substance of its service, it needs to be priced accordingly, i.e. in the range of 8-12 of P/E or 1-2 P/S. It also shares the pattern of upfront capex and debt obligation which makes …