u/Margin_Call_Me_Maybe

SpaceX has a P/S ratio of ~145x vs. aerospace peers at ~1.6-1.9x and even high-growth tech at 7-20x; revenue is ~$20B with minimal profits, while the stock is valued at $2.86T. Lock-up expirations will increase float from 5% (640M shares) to 1.5B in September and 13B in December, overwhelming demand. Combined with catalyst events (earnings, regulatory scrutiny), this could trigger a severe selloff. Short SPCX via put spreads to profit from the inevitable revaluation as artificial scarcity ends and insiders diversify. Index funds and passive inflows could sustain prices longer; Elon Musk’s unpredictable actions may cause rallies; the AI bubble could continue inflating, supporting Starlink hype.