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Investor Gary Black doubts SpaceX IPO valuation near $1.75T, warns of overpricing and advises caution.

Market News
22 May 2026
Shomik Sen Bhattacharjee
View Source
Bearish
pluang ai news

Investor Gary Black expressed skepticism about SpaceX's upcoming IPO, citing a valuation that could reach $1.75 trillion as too high. He noted that the expected price implies a valuation around 300 times EBITDA, leaving little room for upside and suggesting the stock may be overpriced at launch. Other experts also question the valuation, with NYU's Aswath Damodaran valuing SpaceX lower at $1.22 trillion. Despite generating $18.67 billion in revenue in 2025, SpaceX reported a $4.28 billion loss in Q1 2026, partly due to its AI division. Black advises waiting for a significant price drop before considering investment.

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