What Happened
Historical Trends Suggest Further Decline Ahead For SpaceX
SpaceX’s stock has fallen 36% from its post-IPO peak, and historical trends suggest it may decline further. The company’s valuation is currently at 88 times sales, which is higher than the most expensive stock in the S&P 500. Despite this, SpaceX has compelling growth prospects in satellite internet and AI, with a potential addressable market of $28.5 trillion. According to Yahoo Finance, the stock’s performance may be impacted by its high valuation and historical trends, which could lead to a correction in the coming months.