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Parag Parikh is no longer India's fastest-growing flexi-cap.
Additionally, we found 2 giant funds bought the same stock (TVS Motors) in May. TCS, meanwhile, split opinions.
So, let’s take a deep dive into what stocks were bought and sold by prominent funds last month. 👇
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SpaceX’s largest-ever $75 billion IPO will make its market debut tomorrow.
Larger than Saudi Aramco. Larger than anything, ever.
With this, the Musk-led company will be valued at $1.77 trillion.
So, is it a generational bet or the most expensive ticket in history? A 🧵
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BOTTOM LINE
In short, SpaceX is extraordinary.
Starlink works and could rewrite the economics of space. Falcon 9 dominates, too.
But at $1.75T, the valuation does look steep.
That said, billionaire investor Ron Baron believes SpaceX could hit a $30T valuation in future.
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