Curious how exactly the market assigns a valuation to companies like this. I mean, to value Ford, we can compare it's financials and projected future growth to

Curious how exactly the market assigns a valuation to companies like this. I mean, to value Ford, we can compare it's financials and projected future growth to rivals such as Honda, Toyota, GM, etc. But SpaceX is utterly unique in the market, so such a comparison is impossible.