Research · Apr 13, 2026
SpaceX $1.75T IPO Buzz: RKLB at 63x Sales Looks Reasonable — SPCE Does Not
SpaceX's $1.75T IPO speculation and Starlink praise highlight valuation gaps: RKLB's 63x EV/Sales reflects 38% growth but risks SpaceX competition, while SPCE's 135x on -78% revenue collapse looks untenable. RKLB merits ownership over SPCE, though both pale against the private benchmark.