1 Day
Source:
The Guardian
SpaceX to launch but must lower valuation
SpaceX is planning to go public with an extremely high valuation of $1.77 trillion, despite posting significant losses and generating revenue of $18.7 billion. The company's valuation is largely driven by its Starlink satellite internet business and its artificial intelligence unit, xAI, with the latter accounting for much of the optimism. Analysts suggest the actual worth is closer to $780 billion, and the lofty valuation may lead to a market correction in the future.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)