As investors debate whether Space Exploration Technologies Corp's (NASDAQ:SPCX) blockbuster valuation can be justified, one space economy expert says they may be focusing on the wrong metric.
The bigger story isn't that SpaceX isn't profitable.
It's that the company may be choosing not to be.
"It's the Amazon play," Micah Walter-Range, co-developer of the VettaFi Space Index tracked by the Procure Space ETF Procure Space ETF (NASDAQ:UFO), told Benzinga in exclusive email interview.
Profitability Vs.
