SpaceX's $1.75T valuation highlights overpricing in space stocks with some trading at 400x revenue.

SpaceX's potential $1.75 trillion valuation, at about 110 times its $16 billion revenue, sets a new benchmark in the space industry. Unlike many peers that are pre-profit or pre-scale, SpaceX is profitable and controls key infrastructure, making its valuation more grounded. This contrast exposes how some space stocks, like AST SpaceMobile at 452x revenue, may be significantly overvalued. If SpaceX lists near this valuation, it could trigger a market reality check, pressuring smaller companies trading at much higher multiples to justify their prices.