'Fairy tale or mega bubble?' Uday Kotak says SpaceX IPO valuation does not fit any traditional matrix
· livemint.com
Uday Kotak, Founder of Kotak Mahindra Bank, described SpaceX's IPO as a significant test of capitalism, highlighting its valuation beyond traditional metrics as a bet on humanity’s future and technological advancement. SpaceX debuted at USD 150, with a market cap of USD 1.77 trillion.
Uday Kotak, Founder and Non-Executive Director of Kotak Mahindra Bank, termed SpaceX’s blockbuster IPO a “real test of capitalism,” arguing that the compa...