(March 3): A US$1.75 trillion (RM6.85 trillion) valuation for billionaire Elon Musk’s SpaceX in an initial public offering (IPO) would be “justifiable”, according to a PitchBook analyst. At that valuation, investors would be willing to ascribe SpaceX a price-to-sales ratio of more than 100-times on a trailing basis, the analyst estimated. The debate around valuation will come down to the willingness of investors to assign a “platform premium” to SpaceX, the analyst said. PitchBook estimates SpaceX could bring in US$150 billion of revenue in 2040, a roughly tenfold jump from last year’s nearly US$16 billion. The analyst also noted that SpaceX is grappling with a regulatory bottleneck that could hold up its planned cycle.

Source: The Edge Markets March 03, 2026 11:50 UTC