How the math works on a $1.75 trillion SpaceX valuation

Elon Musk’s SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that?

Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed US firm, worth more ​than the likes of Meta Platforms, which has been publicly listed for more than a decade, and Berkshire Hathaway, a company older than SpaceX founder Elon Musk.