r/stocks
SpaceX’s $1.75-trillion valuation rests on engineering that hasn’t happened yet
SpaceX's $1.75T IPO valuation relies on unproven future tech like Starship and orbital AI data centers, not current achievements.
- SpaceX has a historical track record of beating long odds to achieve its ambitious goals.
- The massive $1.75 trillion valuation is predicated on future engineering like Starship and orbital AI data centers that do not yet exist.
- There is a massive gap between what SpaceX has already built and what it promises to build for its multiplanetary mission.
SpaceX’s initial public offering (IPO) is one of the biggest in history, if, that is, the company achieves its targets. In its road show to investors, its stated mission is nothing less than “to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.” SpaceX has beaten long odds before. But its $1.75-trillion valuation depends far more on what it says it will build next than what it has already built ,and that gap is immense.
2.28T now
RUGPULL
The funny part is that the success of the IPO is probably going to hinder their engineering. Most of their senior engineers are going to be vested and this IPO is going to give many of them generational wealth. Losing a few senior engineers will drastically hurt the long term engineering of the company.
No, its valuation depends on vibes and creating artificial scarcity by selling only a tiny sliver of stock.