I haven't done a financial deep dive into SpaceX since all the consolidation, been focused on other things, so I really don't know how to price it either. It feels overpriced to me too.
That said, I would expect SpaceX to grow at a compound rate much faster and for longer than any legacy competitor such as Lockheed.
That said, I would expect SpaceX to grow at a compound rate much faster and for longer than any legacy competitor such as Lockheed.