Buying SpaceX at 4% of its Valuation*
* Warning: There is a 4% chance this article isn't clickbait
Is this clickbait? Well, it is and it isn’t...
…because I took one for the team and went through the SpaceX financials in the newly released S-1…
…and with $19bn Revenues and a $1.75 trillion valuation, it really isn’t difficult to find a stock that’s cheaper than SpaceX at 100x Sales!
But don’t you worry, the TAM is ginormous, approaching $28.5 trillion funny money, since it’s not just the World that is Elon’s oyster, but the Universe itself!
I’m actually super-bullish the Space Economy because at the rate we are going, Earth will be destroyed and we will have to immigrate to a new planet … in which case a golden ticket on the SpaceX escape-pod will be worth anything that Elon wants … just like his SpaceX valuation…
…though I’m surprised none noticed that the TAM related to Space is already close to SpaceX’s valuation at $2 trillion (!), and the remaining $26 trillion TAM relates to … AI!
Anyway, lets brush this little detail aside and focus on our stuff…
…because while everyone will rush to buy SpaceX at 100x Sales, we’ll be cocooning in a SpaceX peer trading at a fraction of the valuation…
