PitchBook Analyst: SpaceX Reasonable Valuation $1.5 Trillion, AI Business Difficult to Turn Profitable Within 5 Years
PitchBook analysts suggest SpaceX's valuation should be around $1.5 trillion, with the remaining market valuation attributed to its space ventures, AI narrative, and Elon Musk's influence. The firm is particularly skeptical about SpaceX's AI business, including its Grok AI, projecting significant losses for the next five years despite it contributing 7% of revenue last year. PitchBook believes SpaceX's goal of achieving profitability in its AI division by 2029 or 2030 is overly optimistic. AI
IMPACT Skepticism around SpaceX's AI profitability may temper investor expectations for AI-driven ventures.