Whalesbook
SpaceX is hafte analyst meetings kar raha hai, IPO ki taraf ek bada step hai. Texas Starbase aur Tennessee data center mein yeh private meetings ho rahi hain. Goal hai ₹75 Billion fund raise karna aur valuation ₹1.75 Trillion tak le jaana. Agar yeh successful hua, toh yeh history ka sabse bada IPO hoga. Company apne rocketry, Starlink satellite internet, aur xAI artificial intelligence business ko dikha rahi hai. Target hai Wall Street ko convince karna ki yeh valuation justified hai.
Valuation Ka Toofaan Aur Nayi Competition
SpaceX ka valuation toh ekdum se bhaga hai! Mid-2025 mein lagbhag ₹350 Billion tha, jo end of year tak ₹800 Billion ho gaya, aur early 2026 mein xAI ke saath merge hone ke baad toh ₹1.25 Trillion par pahunch gaya. Ab analysts isko sirf aerospace companies (jaise Boeing) se nahi, balki AI firms jaise Palantir Technologies, GE Vernova, aur Vertiv se compare kar rahe hain. Market isko ek naya tech giant maan raha hai. Starlink, jo satellite internet service hai, woh ek bada profit source bana hua hai. 2025 mein isne operating profit mein billions kamaye hain aur xAI ke high costs ko cover karne mein help kar raha hai. Launch aur Starlink operations se 2025 mein revenue ₹15-16 Billion ke aas-paas raha hoga. ₹1.75 Trillion valuation ka matlab hai revenue ka lagbhag 100 guna, jo future growth par depend karta hai. ARK Invest bhi is valuation ko 'plausible' maan raha hai.
Loss Aur Valuation Par Sawal Uth Rahe Hain
Lekin, IPO ki tayyari mein jo financial details saamne aaye hain, woh kuch concerns bhi utha rahe hain. Company ne 2025 mein ek bada consolidated loss report kiya hai, jo ₹4.94 Billion ka tha. Pichhle saal ₹791 Million ka profit tha, so yeh kaafi bada change hai. Yeh loss mainly xAI ke artificial intelligence infrastructure par heavy kharch ki wajah se hua hai. Capital investments lagbhag double hokar ₹12.7 Billion ho gaye 2025 mein. xAI ko integrate karna strategic hai, par financial risk bhi badha raha hai. Agar 2025 ka revenue ₹15-16 Billion hai, toh ₹1.75 Trillion valuation price-to-sales ratio ko bahut high bana deta hai, jo massive future growth par nirbhar karta hai. Valuation Elon Musk ke leadership par bhi bahut depend karta hai, jise 'key-person risk' kehte hain. Kuch analysts valuation discipline par bhi sawal utha rahe hain. Prediction markets ke mutabik, IPO delay hone ki possibility 90% se zyada hai. Dual-class share structure ke wajah se Musk aur insiders ko super-voting rights milenge, jisse public shareholders ka influence kam hoga.
Retail Investors Ki Entry Aur Future Plans
SpaceX apna IPO debut ekdum ambitious tarike se kar raha hai. Target hai ₹75 Billion raise karna aur sabse bada IPO banna. Ek khaas baat yeh hai ki yeh duniya bhar ke retail investors ko 30% tak shares offer karne ka soch rahe hain. Yeh Elon Musk ke fans ko tap karne aur listing ke baad stock ko support karne ke liye hai. Fund use hoga Starlink ko expand karne, Starship develop karne, aur orbital AI data centers jaisi cheezon mein. Investors ka confidence Musk ke long-term vision aur SpaceX ki abilities par depend karega.