Traci Alloway

Hello and welcome to another episode of the All Thoughts Podcast.

I'm Tracy Alloway.

Joe, I have a headline for you.

But one in particular, I'm sure you saw this already.

SpaceX extends gain to 17% set to overtake Microsoft in value.

These are more stats than superlatives, right?

Yeah.

A nice day for them.

But the crazy thing about SpaceX is, okay, you have this company that's now worth $2.7 trillion or something on $20 billion of revenue from 2025.

And I can't even do, you know, if we're talking about valuations, you can't even do a traditional price-earnings ratio because there's no earnings.

There's just sales.

And the price-to-sales ratio is more than 100, something like that.

But also, I think it's fair to say things feel a little bit speculative at the moment, right?

You see a headline like that, 17%.

That's overtaking a stalwart of the tech industry in the space of, it's been less than a week, right?

Right.

So obviously one of the big talking points.

No, actually.

Oh.

Well, that's definitely worth $2.7 trillion.