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by adam_arthur 2 hours ago
Half of the companies in the S&P 500 are trading at over 10x sales.

SpaceX is just another one on top of the pile, whenever it gets included.

Valuation multiples always mean revert on a long enough timeline... you can position for it today if you care to.

https://www.multpl.com/s-p-500-price-to-sales