Key Points
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The $85.7 billion that SpaceX raised from its initial public offering (IPO) nearly tripled the previous recordholder.
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Only one analyst has issued a sell rating on SpaceX — but this call has been especially prescient, thus far.
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Elon Musk isn’t infallible, and a lot would need to go right for SpaceX to justify its lofty valuation.
Roughly seven weeks ago, on June 12, Elon Musk’s trillion-dollar artificial intelligence (AI) and space economy goliath, Space Exploration Technologies (SpaceX) (NASDAQ: SPCX), etched its name in Wall Street lore. The $85.7 billion raised from its initial public offering (IPO) nearly tripled the previous recordholder.
When SpaceX went public, it had an astonishing 21 underwriters, with Goldman Sachs…
