Palantir loses valuation lead as SpaceX hits 110x sales multiple
PLTR•Investors now assign a 63x trailing price-to-sales ratio to Palantir, down from its previous position as the richest tech multiple, as SpaceX’s share price jump to $178 gives it a 110x sales multiple. Palantir thus cedes its valuation premium to SpaceX following the latter’s $1.78 trillion IPO valuation.
1. Palantir’s 63x price-to-sales ratio
Palantir’s trailing twelve-month price-to-sales ratio stands at 63x after SpaceX’s shares jumped from an IPO price of $135 to $178. That 19.2% then 10% climb drove SpaceX’s P/S ratio to 110x, surpassing Palantir as the benchmark for premium tech valuations.
2. Implications for investor sentiment
With SpaceX now commanding the richest sales multiple, Palantir faces renewed scrutiny over its growth and revenue projections. Investors may reassess Palantir’s valuation premium and demand clearer paths to profitability as benchmarks shift toward gigabit satellite and government contract expansion.
