Are All Space Stocks Insanely Overpriced?

How much are space stocks worth?

A couple months ago I waded into the space industry weeds to answer this question, coming away with the firm conviction that if:

...then a price-to-sales ratio of two to four might possibly be a fair price to pay for a profitable space stock. And something less than 2-4 times sales might therefore be a fair price to pay for a not-yet-profitable space stock.

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Source Fool.com