Excess Returns

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The Trillion Dollar Gap | Aswath Damodaran on SpaceX, AI and the Big Market Delusion

Explore episode Jun 19, 2026

Where this was said

SpaceX IPO, Starlink, xAI, and the challenge of valuing uncertainty

At 3:15 · chapter starts 1:49

Kai Wu frames SpaceX's IPO — $1.8T IPO price, now $2.7T — as the ultimate valuation challenge combining high uncertainty, limited history, and massive narratives.

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