aerospace / news / / Benzinga
Gerber owns SpaceX stock thanks to investing in "sh**ty Twitter with Elon" Gerber questions the math of the new valuation for the combination of X, xAI and SpaceX.
Musk may keep his promise to let Tesla shareholders access SpaceX shares before its IPO.
KEY POINTS
- SpaceX, X, and xAI have merged into one company, raising valuation concerns.
- SpaceX is targeting a $2 trillion IPO valuation despite $20 billion in annual revenue.
- A large number of private equity and employee shareholders may sell after the IPO lockup ends.
- Concerns exist that mass post-IPO selling could trigger a sharp valuation drop months after listing.
COMPANIES
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