SpaceX is vastly more expensive than any stock in the S&P 500, fueled by ‘FOMO’ mentality

AI Summary

SpaceX has drawn billions in investment through ETFs despite being significantly more expensive than any stock in the S&P 500. Investors appear driven by a fear-of-missing-out (FOMO) mentality, pushing valuation metrics beyond traditional boundaries.

Billions of dollars have flowed into SpaceX ETFs as retail investors look past conventional valuations.