Key Points Wall Street says SpaceX stock is deeply undervalued, but large IPOs have historically performed poorly during their first year on the public market. SpaceX benefits from low-cost launch capabilities and a large satellite network, and its plans to use those advantages to deploy orbital data centers. SpaceX trades at 91 times sales, an absurdly expensive multiple even for a company whose sales increased 92% in the most recent quarter. 10 stocks we like better than Space Exploration Technologies › Space Exploration Technologies (NASDAQ:SPCX) stock is up 30% since August, but most Wall Street analysts still think it's undervalued. The median target price of $212 per share implies 48% upside from the current share price of $143.
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