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International Business Times UK
International Business Times UK
Jim Yango Fantonial

SpaceX Targets a Valuation Higher Than Meta and Berkshire Combined—While Making Less Revenue Than Macy's

SpaceX Dragon v2 (Crew) unveiled at Hawthorne facility (Credit: Wikimedia Commons)

SpaceX is urging New York investors to value the aerospace giant at more than $1.7 trillion, a figure eclipsing the combined market capitalisation of Meta and Berkshire Hathaway, despite currently generating less annual revenue than the US retail chain Macy's.

The company's latest S-1 filing, which posits a staggering $28.5 trillion 'SpaceX economy impact' based largely on future AI dominance, has triggered a fierce debate on Wall Street.

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