I asked Grok if there has ever been a company in the history of the stock market like $SpaceX(SPCX.US) with more than $1 trillion market cap that traded for over 40x forward EV/Rev?
Grok’s response: No, there has never been a company with a sustained >$1 trillion market cap trading at over 40x forward EV/Revenue. $SpaceX(SPCX.US) stock is in uncharted territory and will likely continue to decline under the weight of its extreme valuation. $NVIDIA(NVDA.US) was the closest candidate but even it falls short on forward EV/Rev multiple above 40x at a trillion-dollar scale.• NVDA first hit ~$1T market cap in May 2023 and has since reached $4T–$5T+.• Trailing EV/Rev peaked at ~44.9x historically. • Forward (NTM) EV/Rev has been significantly lower, typically in the 10–25x range during its $1T+ period, reflecting aggressive revenue growth forecasts (often 50%+ YoY in data center/AI). Recent valuations hover around 11–13x forward revenues in analyst models.High forward EV/Revenue multiples (>40x) would imply extreme optimism not supported by consensus estimates even at Nvidia’s peak hype. Its forward P/E has exceeded 40x at times, but revenue multiples compress faster due to scaling sales.The copyright of this article belongs to the original author/organization.
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