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The Economic Times
The Economic Times
Akash Podishetti

SpaceX IPO: Why Wall Street biggies Chris Wood, others are not impressed with $1.8 trillion listing

Chris Wood SpaceX Aswath Damodaran IPO Elon Musk Morningstar Jefferies Nasdaq

As Elon Musk's SpaceX prepares for what could become the biggest stock market debut in history, not everyone on Wall Street is convinced the company deserves its eye-popping valuation. While investor demand for the IPO has reportedly already exceeded $150 billion, valuation expert Aswath Damodaran, Jefferies strategist Chris Wood, and research firm Morningstar have all raised concerns about the pricing, AI hype and market structure surrounding the listing.

SpaceX plans to raise $75 billion by selling 555.6 million shares at $135 apiece, valuing the company at around $1.77 trillion. If successful, it would surpass Saudi Aramco's 2019 listing as the largest IPO ever.

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