SpaceX went public in June and peaked at $225, but it has since dropped 39% to about $137. It still has a $1.86 trillion market cap and a price-to-sales ratio of 80.8, making it much more expensive than the broader tech market. Because of this high valuation, Netflix looks like a better play. They have 325 million subscribers, beating out competitors like Amazon and WBD. Their ad-supported tier is driving growth, and they are adding live sports like the NFL and WWE to bring in more ad revenue. Management expects over $51 billion in total revenue this year. Netflix trades at a P/E of 25.1, which is lower than the Nasdaq-100 average of 34.1. With a P/S ratio of 7, it is much cheaper than SpaceX and looks undervalued compared to its tech peers.