@ChartBreakouts
Everyone is talking about SpaceX's IPO pop.

Almost nobody is talking about what the data actually shows:

• IPO price: $135

• Day 1 close: $160.95 (+19%)

• Market cap day 1: $2.1 trillion

• EPS (TTM): -$2.94 (unprofitable)

• Implied revenue multiple: ~110x https://t.co/LvLUKYw4ll
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