Record SpaceX IPO 'Calculus Based on Faith' Not Valuation, Says Colas (opens original article in a new tab)

Nick Colas argues that SpaceX's IPO valuation relies on faith and Elon Musk's track record rather than solid financial calculations

• Nick Colas criticized SpaceX's IPO valuation as based on faith rather than concrete numbers
• Colas questioned the math behind SpaceX's high valuation despite significant investment in space tech
• Investors are influenced by Elon Musk's past successes rather than traditional valuation metrics