Imagine a private company pouring billions into unproven mega-rockets and moonshot ambitions suddenly being valued at over $1.75 trillion.
Almost 2x what Apple was worth a decade ago
More than the GDP of most nations. That is SpaceX today. At the $1.75 trillion valuation being touted before the coming IPO, the company trades at over 90x revenue and more than 200x trailing EBITDA.
This is not a high-margin software company with negligible capital requirements. SpaceX is a capital-intensive aerospace and hardware business with a massive industrial footprint. Growth has been solid but not explosive either, coming in at a little over 33% over the last two years.