(https://www.cnbc.com/2026/06/11/the-first-wall-street-firms-are-out-with-their-spacex-recommendations-heres-what-theyre-saying.html) forecasting double-digit returns in 18 months. Here's what they're NOT saying: SpaceX is a $200B+ valuation on *projected* launch revenue, while $NVDA trades at 52.2% net margin with $57B *actual* quarterly revenue and 63.7% ROIC.

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