SpaceX just went public with a wild stock ride, trading from $150 to over $225 before settling around $144 — still up from its IPO but far from its peak. Starlink is exploding with 1.7 million new users in three months, and launches are ramping up, but so are expenses. With a $1.9 trillion valuation, SpaceX is hemorrhaging $6.4 billion while only generating $20.7 billion in revenue — way behind profitable peers like Meta. Investors may hang on, hoping for another Elon miracle, but unlike Tesla, which hit its trillion-dollar valuation while already turning a profit, SpaceX is valued far beyond its current financial reality. Don’t bet on SpaceX making millionaires anytime soon — safer bets lie with companies already growing and profiting.
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