Easy to get blinded by the SpaceX IPO halo effect, but the multiples on $Rocket Lab(RKLB.US) $Intuitive Machines(LUNR.US) $AST SpaceMobile(ASTS.US) $York Space(YSS.US) $Firefly Aerospace(FLY.US) etc. are far from reality.
Space is highly uncertain and burns extreme capital. Enjoy the trend, but history tells us the market doesn't reward these speculative valuations.
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