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SpaceX IPO: Great Business, Crazy Valuation?

May 29, 2026

Adam Khoo analyzes the potential IPO valuation of SpaceX, noting its high price-to-sales and price-to-EBITDA ratios even with aggressive forward projections. He questions whether the current valuation of $1.75 trillion is justified given the revenue and profit figures.

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Adam Khoo analyzes the potential IPO valuation of SpaceX, noting its high price-to-sales and price-to-EBITDA ratios even with aggressive forward projections. He questions whether the current valuation of $1.75 trillion is justified given the revenue and profit figures.

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