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James Pethokoukis: SpaceX valuation surge driven by public perception of Musk
James Pethokoukis questions the dramatic rise in SpaceX's valuation, noting that changes in the company’s business prospects do not seem to justify a fourfold jump within a single year.
He suggests that the increase may be more attributable to Elon Musk's strong influence on public perception, which has turned into significant gains on Wall Street.
Earlier this year, Pethokoukis reported that SpaceX invested $15 billion in its Starship project as the company prepared for a possible public offering. He also noted that Starship’s development is closely tied to SpaceX’s prospective trillion-dollar valuation. In a separate coverage, Pethokoukis cited Goldman Sachs’ warning that 2027 consensus projections for hyperscaler capital expenditures might be too conservative.
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