🚀 Business & Startups🌐 Global
SpaceX IPO Valuation Stumps Investors — Uday Kotak Calls It a Test of Capitalism
mint - companies·Monday, 15 June 2026
SpaceX debuted at $150 per share with a market cap of $1.77 trillion, a valuation that Kotak Mahindra Bank founder Uday Kotak says does not fit any traditional financial matrix. Kotak described the IPO as a major test of capitalism and framed the valuation as a bet on humanity's future and technological advancement. He questioned whether it is a fairy tale or a mega bubble.
Why It Matters
At $1.77 trillion, SpaceX is one of the most valuable companies ever listed. How this plays out will shape how global investors think about valuing moonshot technology bets.
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