SpaceX Faces Valuation Concerns
SpaceX, owned by Elon Musk, successfully conducted the largest initial public offering in the history of U.S. markets, raising $75 billion and increasing its market value to over one trillion dollars. This achievement has made it the sixth largest company in the United States by market capitalization. Despite reporting losses of $4.9 billion last year and accumulating losses exceeding $41 billion, the company saw an increase in the value of its investors’ shares. Its revenue mainly came from the space internet service Starlink, with a strong strategic focus on the Starship vehicle to expand its space activities.
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