Damodaran Values SpaceX at $1.3 Trillion, 28% Below IPO

Aswath Damodaran, the "Dean of Valuation," values SpaceX at $1.3 trillion, 28% below its $1.8 trillion IPO price. Drawing from SpaceX's S-1 filing, Damodaran's analysis suggests the target price relies on overly optimistic assumptions. SpaceX remains cash-flow negative with billions in capital expenditures, though revenue grew 33%.