Smart Investors Are Loading Up on Vertex Pharmaceuticals Instead of SpaceX

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โดย The Motley Fool·Read original
Summary · why it matters

Some smart investors are favoring Vertex Pharmaceuticals over SpaceX, citing Vertex's greater market dominance and more appealing risk-reward profile. Vertex holds a virtual monopoly in cystic fibrosis treatments with all five approved therapies, while SpaceX faces upcoming competition from Amazon's Project Kuiper. Vertex posted adjusted earnings of $4.7 billion last year, compared with SpaceX's net loss of $4.9 billion. The company also has multiple potentially transformative product launches on the way, including an FDA decision on povetacicept for immunoglobulin A nephropathy by November 30, 2026, and late-stage studies for zimislecel in severe Type 1 diabetes. Vertex's shares trade at a forward price-to-sales multiple of around 10 times, versus SpaceX's 56.7 times projected 2026 sales.

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