The analyst pointed out that after SpaceX went public on June 12, its stock price surged to $225 but had fallen by half to $108 by July 31, with a market capitalization of $1.43 trillion. However, its revenue for the past four quarters was only $19.3 billion, resulting in a price-to-sales ratio as high as 74x. In contrast, Microsoft (NASDAQ: MSFT) showed strong performance in fiscal year 2026 (ending June 30), with its Azure cloud platform's annual revenue exceeding $100 billion for the first time, growing 43% year-over-year in the fourth quarter, and boasting a $678 billion backlog of Azure orders. Additionally, Microsoft's Copilot for 365 licenses reached 30 million by June 30, a 50% increase from March 31. Microsoft's stock price rose 15% after its earnings report on July 30, but its P/E ratio remains at 25.1x, a 21% discount to its five-year average and significantly lower than the Nasdaq 100 index's 33.1x. Its price-to-sales ratio is 10.1x, much lower than SpaceX, indicating a more attractive valuation.