⟳ Репост от Madeline Ashby
Barron's analysis concluded that SpaceX's performance ranks it among the worst post-IPO trajectories for a mega-cap company in decades, performing worse than 90% of all major U.S. listings since 2009. An 88x price:sales ratio is beyond ludicrous. Totally unitched from reality. It's a meme stock.
SpaceX Makes History…as One of the Worst IPOs in YearsElon Musk’s rocket and AI company has had a rocky debut. What’s ahead for the stock as lock-up expirations loom.www.barrons.com