Venture
fromFortune
1 day agoTo justify a $1.5 trillion market cap after its IPO, SpaceX would need to earn more than Berkshire Hathaway. Today, it earns zero. | Fortune
SpaceX's planned $1.5 trillion IPO valuation appears unsustainably high given current losses, massive capital requirements for 10,000 Starlink rockets, and uncertain growth prospects in capital-intensive industries.