SpaceX's massive valuation highlights the potential in space tech, driven by Starlink and AI. While India's space startups focus on upstream capabilities, significant growth opportunities lie downstream, especially in tailoring services to India's unique context like small landholdings and remote connectivity needs.
Michael Burry, known for predicting the 2008 housing crash, has no stake in SpaceX, despite considering bearish options. He questioned the company's nearly $3 trillion valuation, deeming its put options too expensive and calling SpaceX a "small space company, a niche telecom, a bedeviled social media company, and a Coreweave-light."
SpaceX's valuation soared past $2 trillion on its Nasdaq debut Friday, with shares jumping over 19% to $160.95. The IPO, led by Goldman Sachs, saw massive trading volume and is expected to create numerous millionaires and billionaires, while impacting other space industry stocks.
SpaceX's $1.77 trillion valuation requires at least two of its three core ventures to succeed, according to former Tesla board member Steve Westly. The company, which plans a massive IPO, includes its space operations, the profitable Starlink internet service, and the recently merged xAI.
