So let's assume you are right. Does that justify the price? Spacex price/sales: 100x-130x RTX Corporation's (formerly Raytheon Technologies) Price-to-Sales (

So let's assume you are right. Does that justify the price? Spacex price/sales: 100x-130x RTX Corporation's (formerly Raytheon Technologies) Price-to-Sales (P/S) ratio currently hovers around 2.74 to 2.76. Boeing price-to-sales (P/S) ratio sits at 1.86, Lockheed Martin's (LMT) trailing twelve-month (TTM) price-to-sales (P/S) ratio sits at 1.64. Northrop Grumman's current Trailing Twelve Month (TTM) price-to-sales (P/S) ratio sits at approximately 1.76 to 1.89 So based on the peer comps you provided, SpaceX is overvalued by 50-100x. Your $185 shares are worth about $2. Fine if you want to take that bet. Not fine if you force (via indexing) the majority of US pension savings to take that bet.