Fortune
T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price
SpaceX is set to make its public market debut, but not everyone on Wall Street is buying into Elon Musk's valuation. Some analysts believe the stock is worth roughly half of its anticipated offering price, raising questions about whether investor enthusiasm is outpacing financial fundamentals. The disconnect between Musk's ambitions and analyst skepticism sets the stage for a volatile and closely watched debut.
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Fortune
SpaceX is about to make history—and 80% of VCs won’t see a dime of it
The next wave of generational wealth creation in tech is shaping up to be the most exclusive yet. A gathering of venture investors reached rare consensus: SpaceX, OpenAI, and Anthropic will mint enormous returns — but only for the handful of firms that got in early and stayed close. For the vast majority of the VC industry, the biggest wins of the decade will be someone else's story to tell.
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