This post is out of date. Musk and his bankers are now shooting for a $1.77 trillion valuation and they are making it easier for retail investors (ie easy marks) to buy into the IPO. So the valuation is now over 90x Space X revenues - way into the stratosphere!!
Charles W.L. Hill
Space X had revenues of $18.7 billion last year and lost $4.9 billion, and yet Musk and his bankers are touting an IPO valuation of $1.5 trillion. This seems beyond absurd, but what do I know, I’m just an economist. Now if I was a bullshitter…. www.wsj.com/business/spa...
www.wsj.com
Documents related to SpaceX’s initial public offering show the company is unprofitable and CEO Elon Musk controls 85% of the vote.
