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Analyst: SpaceX's $1.75 Trillion IPO Valuation Detaches from Fundamentals Driven by Overly Optimistic Future Expectations

On June 11, American investment manager Jim Chanos stated that SpaceX's $1.75 trillion IPO valuation is detached from fundamentals and driven by overly optimistic future expectations. Investors are pricing for grand narratives rather than realistic profit prospects, with SpaceX's valuation multiples far exceeding those of Tesla (TSLA.US).

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