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SpaceX heads for record $1.78tn float amid fears it is overvalued
SpaceX is preparing for a significant stock market float, with a valuation of $1.78tn.
AI Summary
SpaceX is preparing for a significant stock market float, with a valuation of $1.78tn. This move will see the company offer at least $75bn of shares to investors through an initial public offering. The float has raised concerns that the company may be overvalued, with analysts noting a major disconnect on price. This development is notable as it could have significant implications for the company and its founder.
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Support HappeningNowSpaceX is being valued at approximately $1.77 trillion to $1.78 trillion. Some people are questioning whether the company is worth this amount. The valuation is part of a potential float. Concerns about overvaluation have been raised.