SpaceX, Elon Musk’s space exploration and artificial intelligence firm, is set for a highly anticipated IPO later in June, but one agency has warned prospective investors that it could be overvalued to the tune of $1bn dollars.
The company, which owns the space-based Starlink internet service and xAI – which in turns owns social media platform X – is expected to be the biggest stock market flotation in history as it seeks to hit a $1.8tn (£1.34tn) valuation when it goes public.
