How the math works on a 1.75 trillion SpaceX valuation

How the math works on a 1.75 trillion SpaceX valuation

Elon Musk's SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that?

Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed U.S. firm, worth more than the likes of Meta Platforms, which has been publicly listed .for more than a decade, and Berkshire Hathaway, a company older than SpaceX founder Elon Musk.

And yet, there is no sign that investors will think twice about hitting the buy button once it goes public .in an IPO that could raise $75 billion or more, which would be a record. The frenzy has grown so intense that some are pouring money into opaque secondary markets, accepting complex arrangements and murky ownership just for a shot at owning the shares.

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