Scott Galloway Calls SpaceX Incredible Company With 'Bigger Moat' Than OpenAI, But Refuses To Invest In It - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Core Insights - Scott Galloway, a prominent author and NYU professor, has expressed his disinterest in investing in SpaceX's potential IPO due to concerns over Elon Musk's controversial business practices [1][2]. Company Performance - SpaceX achieved $13 billion in revenue last year and is projected to reach $15 billion this year [3]. - The company has made significant cost reductions in space travel, contributing to its success [5]. Market Position and Valuation - SpaceX is the only company capable of sending individuals into space and dominates the low Earth orbit satellite market [3]. - Speculations suggest that SpaceX may pursue an IPO that could raise over $30 billion, potentially breaking the record set by Saudi Aramco in 2019 [6]. - At a projected valuation of $1.5 trillion, SpaceX would surpass Tesla's market cap of $1.41 trillion, becoming one of the world's most valuable companies [6]. Industry Context - The potential IPO of SpaceX adds to the growing trend of tech companies going public, including Amazon-backed Anthropic, which is preparing for a new funding round that could raise its valuation above $300 billion [7]. - Galloway noted that while OpenAI is growing faster than SpaceX, it faces vulnerabilities from competitors and market dynamics [4][8].