📅 03.06.2026 · Is SpaceX The Biggest Scam IPO In History? · 👁️ 3
"The company is on pace to lose four times more of that in 2026."
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Login…SpaceX is a cool company, but ain't worth $2 trillion bucks. Revenue grew only 15% year-over-year in Q1 2026. That's not AI company growth levels. Look at what everything else is doing. That's not even rocket growth levels. Meanwhile, net losses for 2025 came in at $4.9 billion. They lost $4.9 billion bucks last year. The company is on pace to lose four times more of that in 2026. Yikes. The valuation they're asking for, 107 times sales. For comparison, Palantir, the most expensive stock in the S&P 500, trades at just 64 times sales. Meta went public at 28 times sales. Google went public at 10 times sales, while growing at 240% per year. SpaceX is growing seven times slower than Google did at IPO and asking for a multiple 1…