SpaceX now trades at a 110x price-to-sales ratio, surpassing Palantir as the highest-valued megacap tech stock by the metric.
SpaceX’s public debut has propelled its valuation to a trailing 12-month price-to-sales ratio of 110 times, eclipsing Palantir’s 63x multiple. The rocket company priced its stock at $135, offering 555.6 million shares and achieving a $1.78 trillion valuation.
For context, the S&P 500 trades at a 3.5x price-to-sales ratio, while Nvidia, a leading AI stock, stands at 20x. High-growth tech firms often command premium multiples, but SpaceX’s ratio is exceptional even within the sector.
The move reflects investor optimism about SpaceX’s growth trajectory, though it also highlights the elevated expectations baked into its valuation.