Orbiting Wealth: Institutions Load Up SpaceX
Market Beat·- Institutional investors, including university endowments and corporate treasuries, are aggressively accumulating shares of SpaceX following its June 2026 initial public offering. - Driven by a 92% year-over-year revenue surge and the deployment of Starlink V3 satellites, SpaceX is transitioning toward a high-margin, recurring-revenue model. - Despite strong institutional backing and growth, the company trades at a stretched valuation near a $1.9 trillion market capitalization with a price-to-sales multiple of nearly 102.