Lost in SpaceX

I think this chart shows pretty well just how wild the SpaceX IPO is. Extrapolate at the slopes of other mega tech companies: if it had Amazon’s revenue today, it would be almost as large as the entire S&P500 by market cap. At present revenue, its multiple is massive compared to Meta, Nvidia and Amazon. Don’t even think about the PE ratio.

Click to enlarge. This is a combination of SEC EDGAR filing data, yfinance and a few ad hoc sources for checking stock splits and so forth.

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