Elon Musk’s space-and-AI company lost $4.9 billion last year and trades at 97 times sales. Investors need a lot to go right.

SpaceX's record $75 billion IPO pushed its valuation past $2 trillion, sparking concerns about capital flight from Tesla as investors weigh competing Musk

Elon Musk’s space-and-AI company lost $4.9 billion last year and trades at 97 times sales. Investors need a lot to go right.