Congresswoman Bets on Elon Musk, Warren Buffett: Here’s the Latest Stock Transactions
A congresswoman recently bought stocks connected to Warren Buffett and Elon Musk.
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SpaceX shares are trading higher amid multiple catalysts including a potential larger weighting on the Nasdaq 100 index, an upcoming FCC vote to open more of the broadband spectrum, and reports suggesting that the UK government has purchased roughly $40 million of Starlink and Starshield services, which may bode well for the company's international growth.
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SpaceX Trades at 98 Times Sales. Here's What Amazon's Multiple Looked Like at the Same Stage.
SpaceX trades at a price-to-sales ratio of 98 with a $2.1 trillion market cap on $23 billion in revenue. The article compares this to Amazon in 2009, when it had similar revenue but traded at a P/S ratio of only 1.5-2.5 while being more profitable. The analysis suggests that even if SpaceX reaches $1 trillion in revenue by 2030, the stock may not appreciate significantly from current levels, and a P/S compression to Amazon's 2009 levels could result in substantial losses.
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