SpaceX’s mega IPO has become one of the most anticipated listings in years. But while investors prepare to pile into Elon Musk’s space and AI ambitions, valuation expert Aswath Damodaran has decided to stay on the sidelines.
The NYU Stern professor, often called Wall Street’s ‘Dean of Valuation’, is not questioning the business quality. In fact, after reviewing SpaceX’s prospectus, he revised parts of his valuation. His issue with the IPO is simple: The price.
