👥 HR & Workplace🇮🇳 India
Uday Kotak Questions SpaceX's $1.77 Trillion IPO Valuation: 'Fairy Tale or Mega Bubble?'
mint - companies·Monday, 15 June 2026
Kotak Mahindra Bank founder Uday Kotak has publicly questioned SpaceX's IPO valuation, saying it does not fit any traditional financial matrix. SpaceX debuted at $150 per share with a market cap of $1.77 trillion. Kotak described it as a significant test of capitalism and a bet on humanity's future.
Why It Matters
When one of India's most respected bankers publicly questions the world's largest IPO, it is worth paying attention — especially for Indian investors eyeing global markets.
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