3 Growth Stocks to Buy Instead of SpaceX
Space Exploration Technologies has rallied more than 50% from its lows and has been gaining momentum after successfully launching chips made by Alphabet‘s Google into space. However, a $2 trillion market cap against $7.8 billion in Q2 revenue leaves a lot to be desired.
A projected $100 billion in annual recurring revenue by the end of 2026 will certainly help matters, but it still results in a price-to-sales ratio above 20. These three stocks below have more reasonable valuations, solid growth rates, and rising profit margins.
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