---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000796925.md"
description: "Still not sure what people see in $SpaceX(SPCX.US) as an investment.  It’s already a megacap ($1.8T market cap) so upside is limited. It won’t generate profits until 2027. It trades at 2026 EV/Rev of 47x ( $Tesla(TSLA.US) 14x), and 2026 EV/EBITDA of 110x ( $Tesla(TSLA.US) 97x).  I get the new TAM story once other airlines follow Frontier’s lead in adapting SpaceX Starlink as the standard WiFi package on commercial airlines.  But 20% of SPCX shares unlock for sale in August and 44% of shares unlock by early September, which would balloon the tradable float by roughly 900%.  Valuation has to matter at some point."
datetime: "2026-07-15T06:22:08.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000796925.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000796925.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000796925.md)
author: "[Gary Black Tracker](https://longbridge.com/en/profiles/17077344.md)"
generator: "portal-rs"
---

# Still not sure what people see in $SpaceX(SPCX.US)…


### Related Stocks

- [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md)
- [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md)
- [ULCC.US](https://longbridge.com/en/quote/ULCC.US.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**