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Markets · Investing · Business
Finance
3 Growth Stocks to Buy Instead of SpaceX
SpaceX trades at a lofty valuation, even if you account for its projected $100 billion in annual recurring revenue. These three picks look more attractive.
Space Exploration Technologies has rallied more than 50% from its lows and has been gaining momentum after successfully launching chips made by Alphabet's Google into space. However, a $2 trillion market cap against $7.8 billion in Q2 revenue leaves a lot to be desired.
A projected $100 billion in annual recurring revenue by the end of 2026 will certainly help matters, but it still results in a price-to-sales ratio above 20. These three stocks below have more reasonable valuations, solid growth rates, and rising profit margins.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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