Cathie Wood Calls SpaceX a "Deep-Value Opportunity" at Its IPO Price. Here's the Math She's Using

When Space Exploration Technologies (NASDAQ: SPCX) went public in June, it was at a market cap of $1. 75 trillion, immediately making it one of the 10 largest public companies in the world. The common read was that it was overvalued, with Morningstar valuing it at $780 billion. Ark Invest CEO Cathie Wood disagreed. She has invested heavily in SpaceX, and in a Sept. 16 post on X, she argued that the space company could be a deep-value opportunity at its IPO price. Image source: The Motley Fool.