Analysts remain divided on SpaceX, with a $450 price target drawing skepticism due to the company's current 45x sales multiple and lack of consistent profitability.
The author critiques the $450 price target as too optimistic given SpaceX's high valuation and lack of profitability.
SpaceX faces intense analyst scrutiny as price targets range from $117 to a bullish $450. While proponents point to Starlink profitability and xAI growth, critics argue the company's current $2 trillion valuation already prices in significant future success, making the $450 target appear disconnected from near-term financial reality.
Critics argue the target is unrealistic because it would require a $6 trillion valuation, which is difficult to justify given the company's current lack of earnings and high price-to-sales multiple.