Key Points SpaceX recently signed another AI compute deal. There is a vast remaining opportunity in this market. However, investors should think twice before investing in SpaceX. 10 stocks we like better than Space Exploration Technologies › Space Exploration Technologies (NASDAQ:SPCX) boasts a $2.1 trillion market cap despite generating just $7.8 billion in revenue in the second quarter and being unprofitable. There are other signs that the stock is richly valued. For instance, SpaceX's forward price-to-earnings ratio is 204, which is incredibly high by any standard. However, the bulls would argue that given SpaceX's prospects, particularly in the artificial intelligence (AI) market, it is worth the hefty premium.
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