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Wall Street is reaching for some unusual yardsticks to price Elon Musk’s SpaceX.
SpaceX investors are benchmarking its valuation against Palantir, GE Vernova, and Vertiv, not aerospace peers.
KEY POINTS
- A $1.75 trillion IPO valuation would put SpaceX at 110 times 2025 revenue estimates, per PitchBook.
- SpaceX's Starlink business is being compared to high-growth tech firms rather than legacy telecoms like AT&T.
- Investors argue SpaceX's reusable rockets and commercial expansion justify higher multiples than Lockheed or Boeing.
- Much of SpaceX's pricing is driven by investor sentiment and momentum rather than traditional financial metrics.
COMPANIES
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