SpaceX just took Palantir's top spot with one of the most excessive valuation multiples in megacap tech
Key takeaways
- For perspective on how optimistic investors are about SpaceX, the price-to-sales ratio for the S&P 500 (^GSPC) is 3.5 times.
- The price-to-sales ratio is a valuation metric calculated by dividing a company s market capitalization (or share price) by its total revenue.
- As a general rule of thumb, a price-to-sales ratio below two is often considered attractive or potentially undervalued.
Space X just took Palantir's top spot with one of the most excessive valuation multiples in megacap tech Brian Sozzi · Executive Editor Mon, June 15, 2026 at 10:53 PM GMT+7 2 min read SPCX PLTR NVDA ^GSPC Step aside, Palantir (PLTR), there’s a new valuation multiple king in the megacap tech stock town: Space X (SPCX).
The insight: With its scorching-hot debut on public markets now in the books, Space X is trading on a trailing 12-month price-to-sales ratio of 110 times, compared to 63 times for Palantir, which has long been viewed as the most richly valued megacap tech play in the game.
For perspective on how optimistic investors are about SpaceX, the price-to-sales ratio for the S&P 500 (^GSPC) is 3.5 times. Even AI darling Nvidia (NVDA) clocks in with a ratio of 20 times.