CloudTechCrunch3 days ago
The three hard-tech moonshots fueling SpaceX's unbelievable IPO
1 min read
SpaceX's $75 billion IPO is deeply oversubscribed, with investors buying $10 billion blocks. The company's valuation hinges on three engineering feats: a reusable rocket, a new American chip foundry, and faster satellite production. Morningstar values SpaceX at $825 billion; Damodaran at $1.2 trillion, far below the bankers' $1.8 trillion.
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