Keep pulling the thread on Patrick Boyle.
For the past 20-25 years, politicians in Western countries have consistently chosen to restrict new housing supply to protect the home values of existing owners, who are a key voting demographic.
The U.S. housing market has become frozen with low transaction volumes because sellers with low-rate mortgages are unwilling to lower prices, while high current rates make homes unaffordable for new buyers.
SpaceX officially joined the Nasdaq 100 index in the week prior to the recording.
Following its public listing, SpaceX received buy ratings from 18 out of 19 Wall Street analysts, with only one analyst issuing a hold rating.
SpaceX generated over $19 billion in revenue in the past 12 months, resulting in a price-to-sales multiple of 101.
Goldman Sachs has a price target of $205 per share for SpaceX, implying a $2.7 trillion market cap and a 139x price-to-sales multiple.
JPMorgan has a price target of $225 per share for SpaceX, implying a $2.9 trillion market cap and a price-to-sales multiple of over 150.
Deutsche Bank has a price target of $255 per share for SpaceX, implying a market cap over $3 trillion and a 173x price-to-sales multiple.
Morgan Stanley has a price target of $300 per share for SpaceX, implying a market cap of nearly $4 trillion and a price-to-sales multiple over 200.
Raymond James has a price target of $800 per share for SpaceX, implying a $10.4 trillion market cap and a 542x price-to-sales multiple.
Raymond James analyst Brian Ghaswale estimates that SpaceX's revenue will grow from $19 billion to $5.2 trillion by 2035.
A Raymond James analyst projects that 94% of SpaceX's revenue in 2035, or $4.9 trillion, will come from AI.