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Uday Kotak questions SpaceX valuation, says only time will tell if we're in ‘mega bubble'

Uday Kotak described SpaceXs blockbuster IPO as a test for capitalism, questioning whether investors are backing humanitys future or fueling a massive bubble. His remarks came afte...

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Published

Jun 13, 2026

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The Economic Times

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Uday Kotak questions SpaceX valuation, says only time will tell if we're in ‘mega bubble'

AI Insight:The valuation of SpaceX has sparked concerns about a potential bubble in the tech industry.

Uday Kotak, a prominent Indian businessman, has questioned the valuation of SpaceX following its recent blockbuster IPO. Kotak described the IPO as a test for capitalism, suggesting that investors may be backing a vision for humanity's future or fueling a massive bubble. His remarks came after SpaceX's valuation reached a staggering $250 billion, sparking concerns about the sustainability of such high valuations in the tech industry. Kotak's comments highlight the growing debate about the valuation of tech companies, with some arguing that they are overvalued and others believing that they are pioneering new technologies that will drive future growth. As the tech industry continues to evolve, investors and analysts will be closely watching the performance of companies like SpaceX to determine whether they are truly worth their high valuations.