On a recent episode of The Investing for Beginners Podcast, value investor Daniel Levy reframed a question that trips up nearly every retail investor: when is a high P/E actually expensive? His answer flips the math. A P/E of 50 equals an earnings yield of just 2%, which sounds punishing. But that yield is only ... Paying 50x Earnings Can Still Be Cheap — If You Know This One Thing
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The market has spent years viewing SpaceX (NASDAQ:SPCX) primarily as a rocket company, but that narrative no longer fits. The company’s historic IPO, which raised $85.7 billion after underwriters exercised the so-called “greenshoe” overallotment — with the stock currently valued at more than $2.7 trillion — revealed a business pursuing ambitions that stretch far beyond ... SpaceX Launches Start of Acquisition Spree with Cursor After Historic IPO
The company's valuation prices in lofty growth expectations.
Options on SpaceX started trading at a brisk pace on Tuesday, offering investors another avenue to bet on the future of the newly listed shares of Elon Musk's rocket company. Options allow investors to buy or sell an asset at a predetermined price within a set time period, and are used to hedge against risk or to speculate on price movements. Some 115,000 options contracts changed hands in the first 10 minutes of trading, with calls leading puts 1.7-to-1, according to Trade Alert data.
What such a deal would actually hand the automaker's shareholders is less clear-cut than the headline odds suggest.
Gerber also said Tesla does not own the "brains" behind its self-driving and robotics ambitions.
SpaceX just completed the largest IPO ever.

Two SpaceX (SPCX) retail investors who bought shares at the initial public offering (IPO), Tamar June and Shane Williams, join Yahoo Finance to explain the process, what drew them to the company, and their future plans with the stock.
The long-awaited public debut of SpaceX has become one of the most significant events in modern market history.
SpaceX's $150 debut valued the company near $2 trillion, pushing Musk's fortune to almost $1.05 trillion.
SpaceX stock (SPCX) continues rising in Monday's pre-market trading (maintaining gains at the session open at the time of this video's posting) ahead of the space company's first full day of trading since its historic IPO last Friday. Morning Brief Host Julie Hyman and Barron's Investor Circle Newsletter editor Josh Schafer examine SpaceX's performance thus far and what it may signal about the success of the company in its future lifetime.

What to watch from SpaceX and other tech stocks during the holiday-shortened week.
In its efforts to secure European approval of its “Full Self-Driving” (FSD) system, Tesla has presented self-published safety statistics to regulators in Sweden and the Netherlands that independent traffic-safety researchers have said amount to misleading marketing. A Reuters examination published last month found that Tesla CEO Elon Musk and other leaders over the past year have increasingly cited statistics they say prove its FSD driver-assistance feature is up to 10 times safer than human drivers. Tesla has presented the inflated safety data to some European regulators, according to correspondence obtained by Reuters through public records requests, as the EV maker seeks wider approval of FSD in a region where it is trying to regain market share.
Tesla bull Brad Ferguson’s valuation includes $957 from Robotaxi and $2,647 from Optimus.
The Ark Venture Fund was an early investor in the space giant.
Rivian (RIVN) is finally moving into the part of the electric vehicle market that could determine its future. The electric vehicle business is delivering its new R2 SUV, a more compact, affordable car that many investors view as Rivian’s greatest hope for breaking out of its niche as a builder of ...
SpaceX roared into markets this past week with a valuation of more than $2 trillion, surpassing two members of Wall Street's "Magnificent Seven" and raising a key question: Does the Mag 7 name still fit? And if not, what should replace it? The IPO, the biggest in U.S. history, vaulted SpaceX's value above two Mag 7 members: CEO Elon Musk's other company, Tesla, and Meta Platforms. With SpaceX's arrival, "it becomes very hard to keep using Mag 7 as the clean shorthand for market leadership because one of the most important companies in the world would immediately be outside the label," said Shay Boloor, chief market strategist at Futurum Equities.
SPCX ended its debut trading session up 19%, while TSLA closed Friday 2% higher.
SpaceX closed 19% higher, giving it a market cap around $2.1 trillion. That makes it the sixth most valuable U.S. listed company. At that lofty market cap, SpaceX makes up roughly 3% of the entire $75.
The pressure is on the company—and newly minted trillionaire Elon Musk—to deliver.
As the world’s first trillionaire, Elon Musk is incredibly wealthy even by the standards of the incredibly wealthy. (He’s worth $1.2 trillion this afternoon at recent share prices for SpaceX and Tesla.
A SpaceX-Tesla merger seems inevitable.
CNBC Wealth Editor correspondent Robert Frank delivered a milestone moment on air this morning, saying: “By the end of today, Elon Musk will likely become the world’s first trillionaire.” This comes as the result of the long-awaited SpaceX IPO, which is poised to revalue Musk’s privately held stake at public-market multiples and push his net ... Wealth Expert: SpaceX IPO Will Likely Make Elon Musk the World’s First Trillionaire
The march of trillicorn initial public offerings doesn’t portend doom for investors. But it’s worth keeping an eye on just the same.

Elon Musk's SpaceX (SPCX) began trading on the Nasdaq after its IPO on Friday, June 12. Nasdaq (NDAQ) President Nelson Griggs sits down with Yahoo Finance Executive Editor Brian Sozzi and Market Catalysts Host Julie Hyman to discuss the public debut, making SpaceX the second Elon Musk-run company to premiere on the Nasdaq.
SpaceX just rewrote the IPO record book. The company sold more than 555 million shares at $135 each, raising $75 billion and landing a valuation of nearly $1.8 trillion. According to CNBC’s Melissa Lee, that places SpaceX as the seventh most valuable U.S. company, ahead of Tesla (NASDAQ:TSLA), and pushes Elon Musk to the edge ... SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation
Tesla stock rose on Friday after SpaceX went public.