SpaceX at a $1.8 Trillion Valuation Is No Longer a Great Investment for Growth Investors - Tekedia

The article argues SpaceX is an outstanding company, but not necessarily a compelling investment at a proposed $1.8 trillion IPO valuation.

With reported revenue below $20 billion, the valuation may be too rich to support strong future returns from current fundamentals.

It compares SpaceX with Alphabet and Nvidia to suggest that large, profitable public companies may offer better upside at more reasonable prices.

The piece also warns that IPO enthusiasm can push prices above intrinsic value before market fundamentals eventually reassert themselves.