Data: S&P Capital IQ; Note: SpaceX's ratio is based on the reported $1.75 trillion valuation it is seeking in its IPO, and the 12 months through March 31, 2026; Chart: Lucinda Shen/Axios
With a $2 trillion valuation in sight, SpaceX is set to have the highest price-to-sales ratio on the S&P 500, far outstripping the likes of Nvidia and even Tesla.
The unprofitable company would top every Magnificent 7 company and far exceed Tesla, which sits at a 16x P/S ratio.