Damodaran Revalues SpaceX 28% Below $1.8T IPO Forecast
SpaceX is asking the market to buy a vision: a $1.8 trillion IPO that bundles reusable rockets, a fast-growing Starlink internet arm, and an ambitious AI push. Yet valuation specialist Aswath Damodaran peels back the sales pitch, runs the numbers from the S-1, and lands on a much more conservative figure near $1.3 trillion. That...