SpaceX defies Wall Street as valuation surges past $2.3 trillion
SpaceX defies Wall Street as valuation surges past $2.3 trillion
SpaceX’s valuation climbed to roughly $2.43 trillion as shares surged more than 16% on the second day of trading.The stock traded near three times Morningstar’s $63 fair value estimate, defying several pre-IPO valuation concerns.ARK Invest bought $444 million worth of SpaceX shares, while Michael Saylor highlighted the company’s 18,712 BTC holdings.