Are Private Markets Like OpenAI and SpaceX Overvalued?
The Wall Street Journalยท2025-07-28 20:58
How are you thinking about the private markets right now. I think private market is overvalued, you know, uh and uh and I think OpenAI, SpaceX, yeah, like these are great businesses, but let's take SpaceX, right. I'm I have no coram with SpaceX.It's a great company, but I'm just asking a question. If you're investing in SpaceX, are you investing in a company that has peak market share with a peak multiple. Right.That is the problem right because I just can't imagine a world that a decade from now that every ...