SpaceX’s $1.75tn IPO has an Asia problem
Technology
Limited penetration of Starlink and AI in the region raises questions over lofty valuation
In addition to making two of its flagship products work, SpaceX’s future growth also hinges on Asia, a market it has only started to tap. © Reuters
PALO ALTO, California — Even before shares in Elon Musk’s SpaceX start trading in New York on Friday, questions are growing over whether the company’s freshly minted $1.75 trillion valuation is merited, fueled in part by an Asia-shaped question about its growth prospects.
