[lucamark]

Let's grab some popcorn.

- Price/Sales about 128x (NVIDIA had a peak of a 40x at its peak)

- Bought Twitter per 44 billions. Inflated its valuation to $250 billion just by integrating it into X.AI

- EnterpriseValue/EBITDA about 219x (30x for scaleup business) and negative Price-to-Earnings

- Low free-float trick (minimal public shares available)

Even the market efficiency hypothesis struggles to justify it

[redox99]

If the Anthropic, Google, and Reflection AI deals stay afloat, the numbers are much better.

[tcp_handshaker]

Spare a thought for the investors who bought SPCX at $218 on the 16 June at 10:00AM...They REALLY needed that stock....

[lucamark]

That's bad for ETF owners too. Funds will be legally forced to buy a tightly restricted supply that will pump the price even more