Damodaran: AI Shaky, High-Potential Business for SpaceX
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On the third day of trading, SpaceX's market capitalization surged to approximately $2.7 trillion, positioning the company to surpass Amazon in market value. Joining the discussion, Aswath Damodaran, Professor of Finance at NYU Stern School of Business, provided his valuation perspective. He explained that his recent analysis estimated SpaceX's enterprise value at around $1.2 trillion and equity value near $1.3 trillion, roughly half of the current market cap. He speaks with Romaine Bostick & Katie Greifeld on "The Close."