‘Borderline dishonest’: Analysts shred SpaceX’s IPO filing, ringing alarm bells on its $1.77 trillion valuation SpaceX is just days from what is likely to be a record-breaking IPO.
The Elon Musk-headed rocket/AI company is looking to raise at least $75 billion, which would make it the largest public offering of all time, dwarfing the (1)$22 billion (1) raised by Alibaba in 2014
The company has set a valuation of $1.77 trillion, which would make it the seventh-biggest company in the US, topping Tesla. Not everyone agrees with that valuation, however, including one prominent Wall Street firm. Must Read – Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’ – Prime US real estate was a rich person’s game — then something changed.
Now everyday Americans are getting a piece of the action for as little as $100 – Millionaires under 43 are reshaping investing — just 25% of their portfolios are in stocks. Here’s where their money is going Morningstar analyst Nicolas Owens says his fair value estimate of the company’s worth is roughly (2)$780 billion (2), less than half of what the company is targeting. The Starlink satellite business, he wrote in a report, is worth about $611 billion in enterprise value, with another $170 billion in “probability-weighted scenarios” for the company’s AI operations.