SpaceX’s 110× P/S Outpaces Nvidia’s 20× as Marvell Forecasts 55% Growth
NVDA•SpaceX priced at $135, valued at $1.78 trillion and achieved a 110 P/S multiple, against Nvidia’s 20. Marvell’s data-center unit grew 46% and projects 50% growth this year and 55% next, backed by $1 billion in supplier prepayments to reach $16.5 billion revenue by fiscal 2028, pressuring sector valuations.
1. SpaceX Valuation Benchmark
SpaceX priced 555.6 million shares at $135, valuing the company at $1.78 trillion and achieving a trailing 12-month price-to-sales ratio of 110, versus Nvidia’s current ratio of around 20. This outpaces Palantir’s 63 and raises the benchmark for high-growth tech valuations.
2. Marvell Growth Acceleration
Marvell’s data-center business grew 46% last fiscal year and management forecasts 50% growth in the current year and 55% next year. To support this, the company plans approximately $1 billion in supplier prepayments to secure capacity and to achieve $16.5 billion in revenue by fiscal 2028.
