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Wall Street is reaching for some unusual yardsticks to price Elon Musk's SpaceX.
Some SpaceX investors are benchmarking its valuation against AI infrastructure firms like Palantir and Vertiv.
KEY POINTS
- SpaceX has confidentially filed for a U.S. IPO and is targeting a $1.75 trillion valuation.
- At $1.75 trillion, SpaceX would trade at 110 times 2025 revenue estimates, surpassing Palantir's multiples.
- Investors argue Starlink's business model is more comparable to asset-light tech firms than legacy telecoms.
- SpaceX's unique combination of space operations and AI business complicates traditional valuation approaches.
COMPANIES
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