SpaceX in fundraising talks at $150B valuation

Compare this with the $125B valuation for SpaceX from May of this year. Not bad.

https://www.bloomberg.com/news/articles/2022-05-17/musk-may-...

Why haven't they IPO'd already?

Elon wants to keep control of the company.

There is a pattern: Pump up a success to insane valuations by promising something much bigger. Falcon 9 and Dragon are as impressive as they seem. Reducing the cost of getting to orbit is a huge achievement.

BUT the market is saturated. Literally the majority of mass lifted to orbit is Starlink satellites. Stalink has 500k subs. The math does not work.

This is like ARK basing 60% of their projected future Tesla valuation on robotaxis.