Orbital valuations for growth companies are commonplace. Traditional P/E ratios often lose relevance because earnings are small, volatile, or reinvested. Instead of just price-to-sales, some researchers prefer the PEG (price/earnings-to-growth ratio), which comprises the P/E ratio divided by EPS growth, or EV/revenue multiples and EV/Ebitda, where EV stands for enterprise value, the sum of market capitalisation plus net debt.
The first human in space, Soviet cosmonaut Yuri Gagarin, went up in 1961. It is hard for those born into the modern space age to grasp the valuation of Space Exploration Technologies Corporation (SpaceX). If anything has gone into orbit this year, it is surely SpaceX’s valuation.
Its most recent Starship test flight (Flight 12) literally went underwater. On May 22, the upper stage of Flight 12 completed its flight, but the Super Heavy booster experienced a performance failure and made a hard splashdown in the Gulf of Mexico, prompting a temporary FAA investigation, the BBC reports.
