SpaceX valuation surges to $2.82 trillion, forcing bulls to stretch thesis to 2028

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โดย Yahoo Finance·Read original
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Space Exploration Technologies Corp. shares surged 11.84% to $215.30 in premarket trading on Tuesday, pushing its market valuation to $2.82 trillion and leapfrogging Amazon.com Inc. to become the fifth-largest company globally. Futurum Equities analyst Shay Boloor, who initially called the IPO a clear success, now argues the valuation can be justified only if SpaceX multiplies its EBITDA to $50 billion by 2028 to achieve a plausible 40x multiple. With overnight trading adding $300 billion to the market cap, investors are prepaying for operational milestones slated for later in the decade. Short-seller Jim Chanos blasted Elon Musk's claimed $28.5 trillion total addressable market as absurd, while commentator Patrick Boyle warned that aggressive broker lockups expose retail investors to a raw deal. The stock has advanced from its $135 IPO price, closing Monday at $192.50 before the latest surge.

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