'Mega bubble or fairy tale?': Uday Kotak reacts to SpaceX's historic IPO | TheBriefWire
'Mega bubble or fairy tale?': Uday Kotak reacts to SpaceX's historic IPO
Published 13 June 2026 ยท tech
Veteran banker Uday Kotak questioned SpaceX's massive valuation, calling it a "huge bet on the future" that defies traditional metrics. Elon Musk's company debuted on
Veteran banker Uday Kotak questioned SpaceX's massive valuation, calling it a "huge bet on the future" that defies traditional metrics. Elon Musk's company debuted on Wall Street, making him the world's first trillionaire. Despite concerns about unproven technologies and cash burn, investor faith remains strong, highlighting a debate on future value versus current metrics.
Published: June 13, 2026 โข 2:07 PM IST ยท Updated: June 13, 2026 โข 2:32 PM ISTBy TheBriefWire Editorial Team
Key points
Veteran banker Uday Kotak questioned SpaceX's massive valuation, calling it a "huge bet on the future" that defies traditional metrics.
Elon Musk's company debuted on Wall Street, making him the world's first trillionaire.
Despite concerns about unproven technologies and cash burn, investor faith remains strong, highlighting a debate on future value versus current metrics.