The Zhitong Finance App learned that on Monday, SpaceX (SPCX.US) fell more than 5% at the beginning of the session to $137.68, once again setting a new low since its launch, with a cumulative drop of more than 37% from its all-time high of $225.64. According to the news, veteran investor George Noble once again voiced a bearish voice and warned that the stock would face concentrated pressure from insiders to reduce its holdings in the coming months. Noble pointed out that SpaceX's valuation is seriously out of touch with fundamentals. He estimated that when the company was listed at an issue price of 135 US dollars, the market sales rate was already over 90 times, and once it was close to 140 times the market sales rate.
Zhitongcaijing · 3d ago
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The Zhitong Finance App learned that on Monday, SpaceX (SPCX.US) fell more than 5% at the beginning of the session to $137.68, once again setting a new low since its launch, with a cumulative drop of more than 37% from its all-time high of $225.64. According to the news, veteran investor George Noble once again voiced a bearish voice and warned that the stock would face concentrated pressure from insiders to reduce its holdings in the coming months. Noble pointed out that SpaceX's valuation is seriously out of touch with fundamentals. He estimated that when the company was listed at an issue price of 135 US dollars, the market sales rate was already over 90 times, and once it was close to 140 times the market sales rate.
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