NYSE:VOYA 13 November 2025

April 13, 2026, 5:15 AM EDT. SpaceX's planned IPO, targeting a valuation of up to $1.75 trillion and potentially raising $75 billion, has sparked investor excitement and skepticism. The company, led by Elon Musk, reported around $15 billion in sales last year, implying a price-to-sales (P/S) ratio exceeding 60, far above the historical ceiling of 30 to 45. This valuation metric, which compares a company's market value to its revenue, has consistently signaled market bubbles, from the dot-com era to recent tech booms. While SpaceX is profitable and taps into booming sectors like artificial intelligence and space infrastructure, its inflated P/S ratio suggests cautious scrutiny is warranted. Experts warn that no firm indicator guarantees stock performance, but SpaceX's valuation flags potential risks ahead of one of the largest-ever IPOs.