Right now everyone is focused on the AI bubble. Yea there are a lot of companies that are valued very richly in this sector, most notably palantir trading at 200 pe. Or chip companies like nvidia trading at 45 pe or broadcom at 70 pe. However, right now these companies are growing at like 50% QoQ and generating billions in profit.
Then you look at space stocks. Looking at latest quarter ASTS is trading at $30B market cap with $15m in revenue, no earnings, no profit. RKLB at $36B market cap with $155m in revenue, no earnings, no profit. And the biggest one of all, SpaceX with a reported $1.5T valuation, $15B in revenue and maybe $8B in profit supposedly. That's 100x sales for the biggest space company
How do these space stocks valuation make any sense? Are people expecting these companies to explode in their revenue at some point in some imaginary future where they get to mine space rocks for minerals?