SpaceX IPO, listing is ‘test for capitalism’, says Uday Kotak; questions sky-high valuation – Markets

SpaceX IPO, listing is ‘test for capitalism’, says Uday Kotak; questions sky-high valuation - Markets


Kotak said only time will reveal whether the optimism surrounding ventures like SpaceX marks the beginning of the futuristic world many imagined in childhood stories, or whether it is simply another example of an enormous market bubble. Regardless of the outcome, he praised Elon Musk for his ambition and vision, noting that the entrepreneur arrived in the United States as an immigrant and went on to redefine multiple industries.



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