Payne Capital Management President Ryan Payne and Bullseye American Ingenuity Fund portfolio manager Adam Johnson discuss SpaceX’s high valuation post-IPO.
Bullseye American Ingenuity Fund portfolio manager Adam Johnson issues a strong warning regarding SpaceX’s valuation on ‘Mornings with Maria’. Johnson highlights SpaceX currently trades at an astounding 150 times sales, a figure he directly compares to Cisco’s dot-com bubble valuation in 1999. He emphasizes that Cisco’s stock took 26 years to recover to its break-even point, suggesting a cautious approach for investors considering SpaceX’s non-profitable status.
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