There is absolutely no way I would invest in spacex, not with the overly inflated valuation and the dead weight that comes along with the rocket part of the business.
Mr. elon does whatever he likes, handing toxic assets back and forth between his businesses to line his own pockets, how investors can see that and be comfortable putting their money on a dishonest operator is bewildering.
Also, are we seriously still sprouting the mars line? The guy said it because he knew it be on the headlines, with his ability to splash the cash, if he truly wanted to reach mars and stay there, he could, and it not having happened is testament that it is a load of bull.
SpaceX Coming So Fast! Would You Join $1.75T IPO?
According to The Information, SpaceX is set to file its confidential IPO prospectus with the SEC this week, aiming for a historic debut that could raise up to $75 billion—tripling the previous record held by Saudi Aramco. Following its landmark merger with xAI earlier this year, the combined entity is targeting a valuation exceeding $1.75 trillion. This would catapult SpaceX into the "top tier" of global tech, surpassing the market caps of both Meta Platforms and Tesla, and trailing only the elite five (NVDA, AAPL, MSFT, AMZN, GOOGL).
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