Wall Street Thinks SpaceX Stock Has 50% Upside. Here's Why I Don't Care.

Key Points SpaceX's growth potential will take years to play out. Investors should remember the key drivers of SpaceX's success. 10 stocks we like better than Space Exploration Technologies › Even after a post-IPO lull, SpaceX (NASDAQ: SPCX) remains one of the market's most exciting stories. Despite its $2 trillion market cap, SpaceX shares trade at nearly 100 times sales. Sales growth did hit 92% year over year last quarter. But the space company clearly has a long way to go before it can fully justify its rich valuation. Wall Street remains unfazed. The consensus price target for SpaceX stock is $227.66, implying more than 50% in upside over the next 12 months.