Sell SPACEX by Oct 15, 2026.

A month ago I argued SpaceX was probably a wonderful business but nowhere near a fair price. Since the post-IPO peak of $225.64 on 16 June the stock has plummeted, briefly slipping below its $135 IPO price. The obvious question for this sub: after such a quick fall, does it make the stock cheap? The problem is the price relative to what the business earns. At roughly $1.8 trillion, on a conventional 20x, SpaceX would need something like $90 billion …