SpaceX Stock Is Up. Here Are 4 Reasons I'm Still Not Buying.
Key takeaways
- Within days, its valuation had surpassed Amazon and was briefly on the heels of Microsoft.
- But while I love rockets and all things space, I m not buying.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Johnny Rice, The Motley Fool Mon, June 22, 2026 at 9:35 PM GMT+7 5 min read SPCX MSFT NVDA AMZN When Space Exploration Technologies (NASDAQ: SPCX) made its public debut on June 12, it was already the largest stock market debut in history by a mile. Within days, its valuation had surpassed Amazon and was briefly on the heels of Microsoft. There s definitely a lot of excitement over Space X (as it s better known).
But while I love rockets and all things space, I m not buying. I could begin and end with its valuation -- its price-to-sales ratio is nearly 30 times that of Amazon and 15 times that of Microsoft -- but that s been talked about ad nauseam, so here are four reasons that you might not have considered.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »