SpaceX Stock: Accounting Creates Equity, Operations Burn It (Pending:SPCX)
· seekingalpha.com
SpaceX (SPCX) rated Strong Sell: $1.8T IPO valuation, 93x P/S, losses, shaky AI margins, contract risk, falling ARPU. Read here for more details.
With the market at an ATH, leverage near an ATH, and sharp fiscal deficits, all of which we discussed in our previous articles, it is clear to us that we are cu...