Damodaran: AI Shaky, High-Potential Business for SpaceX

SpaceX has made waves in the market with its skyrocketing valuation, reaching nearly $2.7 trillion and setting it up to potentially overtake Amazon in market cap. Aswath Damodaran, a renowned finance professor, weighed in with his analysis, suggesting SpaceX's enterprise and equity values are around half of the current market cap, at approximately $1.2 trillion and $1.3 trillion respectively. This discrepancy highlights the speculative nature of the valuation and underscores the immense potential tied to SpaceX's ambitious projects and future prospects.