**Space Exploration Technologies (NASDAQ: SPCX) has made headlines as the largest initial public offering (IPO) ever, priced at $135. As of now, the stock has surged 37% from its IPO price, though it remains 18% below its intraday high from last week. With a staggering price-to-sales ratio of 125, much higher than the S&P 500 average of 3.7, the stock reflects investor optimism regarding its market potential, which is estimated at $28.5 trillion, largely driven by opportunities in artificial intelligence.**
**However, SpaceX reported significant net losses of $4.9 billion in 2025 and $4.3 billion in the first quarter of 2026, raising concerns about its long-term profitability. The company faces an impending lockup period expiration which could lead to a share price drop as insiders become able to sell. Current investor sentiment is cautious, as many financial analysts suggest waiting for more stability before investing.**
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