SpaceX's IPO valuation sparks debate: it's considered low compared to other space companies, but high compared to AI and cloud computing companies.

According to Mars Finance, SpaceX is scheduled to IPO on June 11th, and its valuation shows a significant divergence compared to other companies in the space and AI industries: compared to its space peers, SpaceX appears undervalued; however, compared to AI and cloud computing companies, its valuation is relatively high. Based on an expected valuation of nearly $1.75 trillion, SpaceX's price-to-sales ratio is approximately 52, far higher than the average for large technology companies, but lower than some space peers. The valuation methods for Starlink, its space business, and its AI business differ considerably, and investors are still debating whether SpaceX should be priced as an infrastructure company, a telecommunications company, or an AI-driven technology company.