Chris Camillo Says SpaceX at $1.5 Trillion Valuation Is "Insane"

Chris Camillo said SpaceX's valuation of $1.5 to $1.6 trillion is "insane," arguing the issue isn't the company itself but the risk-reward at today's price. He said SpaceX looked attractive to him at a $30 billion valuation, when the satellite business alone could justify the upside, but at current levels the investment case depends on blue-sky outcomes that may take years to materialize.
He added that comparisons to $TSLA don't work for him, saying the numbers and risk-reward profile are completely different.