SpaceX Trading at 100 Times Revenue Despite Losing Money, Most Expensive Major Company

What was said

"SpaceX is trading at around 100 times revenue. That is a crazy valuation for a company this big. SpaceX is by far the most expensive major company... it's also the most valuable company in the world that loses money."

Following SpaceX's record $75 billion IPO, Schiff identified it as the most expensive major corporation ever at 100x revenue while operating at a loss. He argued the $2 trillion valuation represents the peak of a stock market bubble driven by monetary excess, comparing it unfavorably to Rockefeller-era valuations which were based on actual profitable operations generating $2 billion annually.