Why is SpaceX ‘significantly overvalued’ by $1.75tn IPO?

Elon Musk is set to become a trillionaire when SpaceX floats on the Nasdaq next week. The expected world-record $1.75 trillion IPO would see the space and AI company raise around $75 billion if it is successful in selling 555.6m shares at $135 apiece. The plan was revealed by Space Exploration Technologies Corp – the … Continue reading Why is SpaceX ‘significantly overvalued’ by $1.75tn IPO?