‘Mega bubble or fairy tale?’: Uday Kotak reacts to SpaceX’s historic IPO

 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. 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.