SpaceX's $1.75T valuation may expose overpricing in other space stocks trading at much higher sales multiples.

SpaceX is valued at about $1.75 trillion, trading at roughly 110 times its $16 billion revenue, supported by scale, profitability, and growth from Starlink. In contrast, many other space companies trade at much higher revenue multiples, some exceeding 400 times sales, despite being smaller, less proven, or unprofitable. If SpaceX lists at this valuation, it could reset market expectations and highlight potential overvaluation in the space sector, especially for companies trading on potential rather than execution. This could lead to a market correction for overhyped space stocks.