Investor Cathie Wood-led ARK Invest on Monday backed the $1.75 trillion valuation for commercial space flight company SpaceX as it gears up for its upcoming IPO.
$1.75 Trillion Valuation Is Plausible
The firm shared that its research pointed towards the valuation being warranted. “$1.75 trillion IPO target is grounded in a plausible trajectory for each of SpaceX’s core business segments,” including Starlink, the xAI merger, as well as the company’s launches, which are backed by a “durable” trajectory and “structural advantages,” ARK said.
Further illustrating bullish sentiments, ARK hailed the SpaceX-xAI merger. “The xAI merger has added a strategic dimension to the platform that no comparable public company has even attempted to replicate,” it said in the statement, also backing …
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