Uday Kotak Questions Spacex Valuation, Says Only Time Will Tell If We're In ‘Mega Bubble'

Uday Kotak Raises Concerns Over SpaceX Valuation

Uday Kotak has voiced skepticism regarding the astronomical valuation of SpaceX, framing the company's upcoming IPO as a critical examination of capitalism itself. He pondered whether investors are genuinely supporting the advancement of humanity or merely inflating a significant financial bubble.

His comments follow the recent debut of SpaceX, which not only catapulted Elon Musk into the ranks of trillionaires but also secured the company's position among the elite of global corporations.