SpaceX targets a $1.77 trillion valuation. The company cites a $28.5 trillion total addressable market. Only $2 trillion of that relates to Starlink and rockets. Most of the valuation is tied to an unprofitable AI division. Investors should focus on Starlink's $11.4 billion revenue and $4.4 billion profit.
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SpaceX Targets $1.75 Trillion Valuation Ahead of IPO Roadshow
Summary by ByteBrief