I’m cautiously constructive on

I’m cautiously constructive on $SpaceX(SPCX)$ , but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution & strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling.

What keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously.

Overall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run & I’d lean closer to the more conservative valuation targets.

@Tiger_comments @TigerStars @TigerClub

SpaceX Surges Another 20%, Tops $200! Still a Chase for $2T Rocket?

SpaceX extended its post-listing parabolic run, surging 19.60% intraday and pushing further to $211 in after-hours trading (+9.62%), with analysts calling it a "$2 trillion stock that has left Earth." Musk's latest post and a U.S.-Iran agreement fueled market euphoria. Yet even crypto bull Novogratz admitted he feels "nervous about SpaceX" — the steeper the parabola, the sharper the reversal. Will you keep chasing this rocket, or wait for the first real pullback?

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","winRationPercentage":65.714286,"tradeVolumeEst":0},"themes":[{"themeId":"ed4e12205bf34b65a986ea968dd36ee0","categoryId":"ab3d937a5fd848c08008411a9be702b5","name":"SpaceX Surges Another 20%, Tops $200! Still a Chase for $2T Rocket?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":ed4e12205bf34b65a986ea968dd36ee0}&rnconfig={\"headerBarHidden\": true}","description":"SpaceX extended its post-listing parabolic run, surging 19.60% intraday and pushing further to $211 in after-hours trading (+9.62%), with analysts calling it a \"$2 trillion stock that has left Earth.\" Musk's latest post and a U.S.-Iran agreement fueled market euphoria. Yet even crypto bull Novogratz admitted he feels \"nervous about SpaceX\" — the steeper the parabola, the sharper the reversal. Will you keep chasing this rocket, or wait for the first real pullback?","image":"https://community-static.tradeup.com/news/b3e2f4792e06a23b881ae0c37c9b65a4"}],"images":[{"img":"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13"}],"title":"","html":"<html><head></head><body>I’m cautiously constructive on <a href=\"https://ttm.financial/S/SPCX\"> $SpaceX(SPCX)$ </a>, but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution &amp; strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling.\n\nWhat keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously.\nOverall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run &amp; I’d lean closer to the more conservative valuation targets.\n<a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @</a><a href=\"https://ttm.financial/U/9000000000000149\">TigerStars</a><a href=\"https://ttm.financial/U/9000000000000149\"> </a><a href=\"https://ttm.financial/U/3527667671414981\"> @TigerClub </a><t-t type=\"img\" src=\"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13\"></t-t></body></html>","htmlText":"<html><head></head><body>I’m cautiously constructive on <a href=\"https://ttm.financial/S/SPCX\"> $SpaceX(SPCX)$ </a>, but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution &amp; strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling.\n\nWhat keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously.\nOverall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run &amp; I’d lean closer to the more conservative valuation targets.\n<a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @</a><a href=\"https://ttm.financial/U/9000000000000149\">TigerStars</a><a href=\"https://ttm.financial/U/9000000000000149\"> </a><a href=\"https://ttm.financial/U/3527667671414981\"> @TigerClub </a><t-t type=\"img\" src=\"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13\"></t-t></body></html>","text":"I’m cautiously constructive on $SpaceX(SPCX)$ , but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution & strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling. What keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously. Overall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. 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