What would be a fair price per share for SPCX?

[lapfog_1]

1. Not sure there is one

generally speaking stock price is based on forward looking earnings, which in turn are projected from past earnings.

Most IPOs wait until the company is profitable... and one can start projecting those earnings. AFAIK, SPCX has not turned any profits... and AI profits are highly speculative. the core business ( launch platforms and Starlink ) look better but still aren't generating the kind of money that justifies $130/share. I would not give a warm bucket of camel spit for Xai or Twitter.

Datacenters in space is simply ridiculous, thus removing any reason to combine the two businesses.