Investors Question SpaceX's $1.77 Trillion IPO Valuation Amid Heavy Spending and Losses
By
Ryan Mac, Mike Isaac
Baker's choice. Dense with flavour, light on filler.
Summary
SpaceX has set an IPO price of $135 per share, valuing the company at $1.77 trillion. However, skeptics question this valuation as the rocket company is spending heavily and losing money. The article examines whether Elon Musk's SpaceX can justify its blockbuster IPO valuation given its current financial performance.
Key quotes
· 3 pulledIs SpaceX Worth $1.77 Trillion? It's a Pie in the Sky, Some Investors Say
Elon Musk's rocket company is spending big and losing money.
That has raised questions about whether it can justify its valuation for its blockbuster initial public offering.
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