I’m cautiously constructive on

I’m cautiously constructive on $SpaceX(SPCX)$ , but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution & strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling.

What keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously.

Overall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run & I’d lean closer to the more conservative valuation targets.

@Tiger_comments @TigerStars @TigerClub

SpaceX Crashes 16%! Another 50% Downside, Exit or Add?

SpaceX plunged 16.43% today, breaching $155 and shattering the post-IPO euphoria in a single session. Bears are piling on, calling the valuation "astronomical" and flagging 50% further downside even under optimistic assumptions. Space proxy Rocket Lab (RKLB) fell 6.48% in sympathy — the retail frenzy lasted less than two weeks. With the "best IPO ever" now giving back gains, will you buy this dip or cut your losses?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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","winRationPercentage":70,"tradeVolumeEst":0},"themes":[{"themeId":"ed4e12205bf34b65a986ea968dd36ee0","categoryId":"ab3d937a5fd848c08008411a9be702b5","name":"SpaceX Crashes 16%! Another 50% Downside, Exit or Add?","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":ed4e12205bf34b65a986ea968dd36ee0}&rnconfig={\"headerBarHidden\": true}","description":"SpaceX plunged 16.43% today, breaching $155 and shattering the post-IPO euphoria in a single session. Bears are piling on, calling the valuation \"astronomical\" and flagging 50% further downside even under optimistic assumptions. Space proxy Rocket Lab (RKLB) fell 6.48% in sympathy — the retail frenzy lasted less than two weeks. With the \"best IPO ever\" now giving back gains, will you buy this dip or cut your losses?","image":"https://community-static.tradeup.com/news/b3e2f4792e06a23b881ae0c37c9b65a4"}],"images":[{"img":"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13"}],"title":"","html":"<html><head></head><body>I’m cautiously constructive on <a href=\"https://ttm.financial/S/SPCX\"> $SpaceX(SPCX)$ </a>, but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution &amp; strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling.\n\nWhat keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously.\nOverall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run &amp; I’d lean closer to the more conservative valuation targets.\n<a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @</a><a href=\"https://ttm.financial/U/9000000000000149\">TigerStars</a><a href=\"https://ttm.financial/U/9000000000000149\"> </a><a href=\"https://ttm.financial/U/3527667671414981\"> @TigerClub </a><t-t type=\"img\" src=\"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13\"></t-t></body></html>","htmlText":"<html><head></head><body>I’m cautiously constructive on <a href=\"https://ttm.financial/S/SPCX\"> $SpaceX(SPCX)$ </a>, but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution &amp; strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling.\n\nWhat keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously.\nOverall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run &amp; I’d lean closer to the more conservative valuation targets.\n<a href=\"https://ttm.financial/U/3501196737273098\"> @Tiger_comments </a><a href=\"https://ttm.financial/U/9000000000000149\"> @</a><a href=\"https://ttm.financial/U/9000000000000149\">TigerStars</a><a href=\"https://ttm.financial/U/9000000000000149\"> </a><a href=\"https://ttm.financial/U/3527667671414981\"> @TigerClub </a><t-t type=\"img\" src=\"https://community-static.tradeup.com/news/770b0490cebc1fa72f00f9a86bf7df13\"></t-t></body></html>","text":"I’m cautiously constructive on $SpaceX(SPCX)$ , but at this valuation I wouldn’t treat it as an obvious buy. At ~90x sales, the market is already pricing in near-perfect execution & strong long-term growth, so the risk-reward feels stretched in near term even if the long-term story is compelling. What keeps me from being bearish is that SpaceX is no longer just a rocket company. Starlink’s recurring revenue, combined with dominant launch capabilities and potential future space infrastructure, gives it multi-industry optionality. If those engines scale as expected, the premium valuation can make sense over time—but it also assumes multiple big bets all work out simultaneously. Overall, I’m bullish long term but skeptical of the current price fully reflecting execution risk. I see more room for volatility than steady compounding in the short run & I’d lean closer to the more conservative valuation targets. @Tiger_comments @TigerStars @TigerClub","highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":3,"favoriteSize":0,"link":"https://ttm.financial/post/574469134709952","repostId":0,"isVote":1,"tweetType":1,"viewCount":1918,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SPCX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":811,"optionInvolvedFlag":true,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/574469134709952"}