Bloomberg Surveillance · Tuesday, August 4, 2026
The upcoming SpaceX IPO is being closely watched as a potential benchmark for the equity market, given its substantial valuation. Despite initial high price-to-sales ratios, the stock is now trading down, reflecting the challenges of growing into such multiples.
“We're going to get SpaceX after the close, and it's kind of been a certainly a seminal event for the equity market. It's the largest IK of all time. Monster valuation trades up, now it's trading down.”
“I mean, SpaceX has been a story about the perils of high valuation. Okay, right, So when they iPod at eighty five times current price to sales sixty times forward price to sales, even if those sales deliver, you are going to see you have to grow into that multiple.”
“You see that price to sales ratio now fall to about twenty five times price to sales, so effectively you've reset the valuation. The question is is it enough?”